EIB to provide additionally 534,000 euros for modernization of border crossings on Armenian -Georgian border
10.06.2016,
11:12
The Armenian government on Thursday approved amendments to the financial agreement between Armenia and the European Investment Bank (EIB) on the modernization of border crossings on the Armenian-Georgian border. Under the amendment, the EIB will provide additionally 534 thousand euros for the program.
YEREVAN, June 10. /ARKA/. The Armenian government on Thursday approved amendments to the financial agreement between Armenia and the European Investment Bank (EIB) on the modernization of border crossings on the Armenian-Georgian border. Under the amendment, the EIB will provide additionally 534 thousand euros for the program.
The project introduces European standards of integrated border management at the border crossing points on the Armenia-Georgia border and facilitate trade, transit and enhanced movement of people across the border.
As part of the integrated border modernization program, Bagratashen, Bavra and Gogavan border crossings are being modernized in conformity with the best international standards to make it easier to cross the border, to reduce corruption risks and red tape.
In addition to the EBRD that has released 10.3 million euros, funds were provided also by the European Investment Bank (30 million euros). Funds come also from the European Union’s Neighborhood Investment Facility and the United Nations Development Program and the government of Armenia. -0-
The project introduces European standards of integrated border management at the border crossing points on the Armenia-Georgia border and facilitate trade, transit and enhanced movement of people across the border.
As part of the integrated border modernization program, Bagratashen, Bavra and Gogavan border crossings are being modernized in conformity with the best international standards to make it easier to cross the border, to reduce corruption risks and red tape.
In addition to the EBRD that has released 10.3 million euros, funds were provided also by the European Investment Bank (30 million euros). Funds come also from the European Union’s Neighborhood Investment Facility and the United Nations Development Program and the government of Armenia. -0-
