A unified customs and logistics center will be created near the capital of Armenia, which is meant to radically simplify export and import operations. This large-scale infrastructure project worth 45 million euros will be implemented with the financial support of European partners.

Chairman of the State Revenue Committee Eduard Hakobyan in other words, the current system of customs administration remains decentralized, which inevitably complicates and delays the process of cargo formalization. The new complex will combine the functions of not only customs services, but also other state bodies involved in foreign trade on a single platform.

This will allow to significantly reduce the time spent on bureaucratic procedures, increase the efficiency of control and improve the business environment. In addition, the project will solve the acute problem of lack of infrastructure, including modern laboratories necessary for product examination.

The facility of strategic importance is planned to be built in the suburbs of Yerevan, near the “North-South” highway.

Such deployment will significantly increase the capacity of the customs system and strengthen the overall logistics potential of the country. The financing of the ambitious project is provided by the European institutions. The European Bank for Reconstruction and Development (EBRD) will provide 39 million euros in loan funds, and another 6 million euros will be provided by the European Union as a grant.

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