Yerevan, February 19, 2026 – The Armenian government, in its session today, approved a draft presidential decree to ratify a grant agreement between the Republic of Armenia and the European Bank for Reconstruction and Development (EBRD) for the “Yerevan Customs and Logistics Center” project. This agreement will provide Armenia with a 6 million grant.
Project Scope and Funding
According to the government’s statement, the grant funds will be allocated towards the construction of the Foreign Economic Activity (FEA) Center in Yerevan and the acquisition of necessary equipment. Loan funds, totaling 39 million, will finance the construction work, procurement of goods and services, and consulting services for the FEA Center.
The project also includes the construction of an administrative building for the State Revenue Committee (SRC) of Armenia, with its costs covered by internal sources from the state budget. The Yerevan Customs and Logistics Center will be located at 5 Gevorg Chaush Highway, Proshyan village, Kotayk region.
Enhanced Customs Infrastructure and Services
The establishment of this center is expected to provide adequate customs infrastructure, including improved building conditions, technical equipment, and access to information systems. It will enable the provision of high-quality services to FEA participants based on the “One Stop, One Window” principle, ensuring efficient customs control.
As stated in the justification document, the grant agreement, signed on September 19, 2025, between the Republic of Armenia and the European Bank for Reconstruction and Development, aims to construct a customs and logistics center in Yerevan for the needs of the SRC. The 6 million grant is part of a larger financial package.
Loan Facilities and Co-financing
In addition to the grant, loan facilities amounting to 39 million will be provided in two tranches: Tranche 1 of 30 million and Tranche 2 of 9 million. The loan agreement was signed on the same day as the grant agreement.
Furthermore, a specific amount will be allocated to the Republic of Armenia as a grant for technical assistance (mobilization) for the project’s implementation. The financial resources of the loan and grant agreements do not include the co-financing portion from the Armenian government, which will cover VAT obligations in Armenia.
The Armenian government’s co-financing for the loan and grant funds will amount to 9 million, comprising 7.8 million for the loan facilities (Tranche 1 – 6 million and Tranche 2 – 1.8 million) and 1.2 million for the grant funds.
The implementation of this project is a significant step towards modernizing Armenia’s customs system, streamlining trade processes, and fostering economic development in the region.
Source: https://finport.am/full_news.php?id=55617&lang=1
