ARMENIAN GOVERNMENT SUBMITS PROJECTS ON DEVELOPMENT OF ARMELECTROMASH AND NAIRIT PLANTS TO EURASEC ANTI-CRISIS FUND
ArmInfo
2010-05-21 19:41:00
ArmInfo. The Armenian Government has submitted projects on development
of Armelectromash and Nairit plants to the EurAsEC Anti-Crisis Fund,
said Armenian Prime Minister Tigran Sargsyan at today’s sitting of
heads of EurAsEC member countries’ governments, ArmInfo correspondent
reported from St. Petersburg. "In our opinion, these projects have a
regional importance, and other countries of EurAsEC may be interested
in them",- said the premier. At the same time, he pointed out that
the Armenian government has suggested allocating a new loan for
construction of the North-South railway. He added that the Armenian
government is also ready to provide guarantees for implementation
of the project, as the latter has not only socio-economic, but also
political significance. "Taking into account the fact that Armenia’s
railways are under concessional management of the Russian Railway,
we think this project may be interesting within EurAsEC",- he said
and suggested discussing this proposal with his counterparts.
On 25 Feb 2010 the finance ministers of EurAsEC member countries met
in Moscow and determined the limits of access of EurAsEC member states
to the means of the Anti-Crisis Fund. According to the decision taken,
Armenia may count on 13% of the total volume of the means. In 2010
the amount of EurAsEC Anti- Crisis Fund is estimated at 8 bln USD. It
was reported earlier that the Fund expects Armenia to apply for 601.6
mln EUR.