Armenia's National Assembly Committee Approves €6 Million EBRD Grant for Construction of Customs and Logistics Center
23.03.2026,
13:37
At an extraordinary meeting on Monday, the Armenian Parliamentary Committee on Financial and Budgetary Affairs approved the ratification of a €6 million grant agreement with the European Bank for Reconstruction and Development (EBRD) for the Yerevan Customs and Logistics Center project.
YEREVAN, March 23. /ARKA/. At an extraordinary meeting on Monday, the Armenian Parliamentary Committee on Financial and Budgetary Affairs approved the ratification of a €6 million grant agreement with the European Bank for Reconstruction and Development (EBRD) for the Yerevan Customs and Logistics Center project.
The grant agreement between Armenia and the EBRD was signed on September 19, 2025, for the benefit of the State Revenue Committee of Armenia and for the construction of a customs and logistics center in Armenia. A loan agreement for the project was signed on the same day. The €39 million grant will be provided in two tranches – €30 million and €9 million.
The loan and grant agreement financing does not include co-financing from the Armenian government, which will be used to pay VAT obligations. The Armenian government's co-financing will amount to €9 million, including €7.8 million in loan funds, €6 million in tranche 1, €1.8 million in tranche 2, and €1.2 million in grant funds.
The grant funds will be used for the construction and acquisition of equipment for the Yerevan Foreign Economic Activity Center, while the loan funds will be used for construction work, the procurement of goods and services, and the provision of consulting services.
The Yerevan Customs and Logistics Center will be located in the village of Proshyan, Nairi Community, Kotayk Province, Armenia (bordering Yerevan). It was previously reported that the center's operation will provide Armenia with a modern customs infrastructure with the necessary technical equipment for customs control, as well as accessible and user-friendly information systems for services provided to FEZ participants.
About the EBRD in Armenia
The European Bank for Reconstruction and Development is one of the leading institutional investors in Armenia. By the end of 2025, the EBRD's cumulative number of projects in Armenia reached 242, with total investments amounting to €2.8 billion. Notably, 85% of these investments were in the private sector, underscoring the Bank's commitment to fostering entrepreneurship and sustainable growth.
The grant agreement between Armenia and the EBRD was signed on September 19, 2025, for the benefit of the State Revenue Committee of Armenia and for the construction of a customs and logistics center in Armenia. A loan agreement for the project was signed on the same day. The €39 million grant will be provided in two tranches – €30 million and €9 million.
The loan and grant agreement financing does not include co-financing from the Armenian government, which will be used to pay VAT obligations. The Armenian government's co-financing will amount to €9 million, including €7.8 million in loan funds, €6 million in tranche 1, €1.8 million in tranche 2, and €1.2 million in grant funds.
The grant funds will be used for the construction and acquisition of equipment for the Yerevan Foreign Economic Activity Center, while the loan funds will be used for construction work, the procurement of goods and services, and the provision of consulting services.
The Yerevan Customs and Logistics Center will be located in the village of Proshyan, Nairi Community, Kotayk Province, Armenia (bordering Yerevan). It was previously reported that the center's operation will provide Armenia with a modern customs infrastructure with the necessary technical equipment for customs control, as well as accessible and user-friendly information systems for services provided to FEZ participants.
About the EBRD in Armenia
The European Bank for Reconstruction and Development is one of the leading institutional investors in Armenia. By the end of 2025, the EBRD's cumulative number of projects in Armenia reached 242, with total investments amounting to €2.8 billion. Notably, 85% of these investments were in the private sector, underscoring the Bank's commitment to fostering entrepreneurship and sustainable growth.
