YEREVAN, October 26. /ARKA/. On Monday Russian Open JSC “Gasprombank” and CJSC “ArmRosgasprom” signed an agreement on opening credit line in the amount of 40 million US dollars (for seven years).

This credit line will be served by the affiliate of “Gasprombank” – CJSC Areximbank –the Group of Gasprombank”. “Signing of the agreement is a regular step in the implementation of strategic task for the development of the efficient cooperation of energy-fuel enterprises of the country”. CJSC “ArmRosgasprom” continues to regularly implement gas-energy projects which have strategic impact on Russian economy, particularly expansion of gas-transport system with exploitation of gas-pipeline “Iran-Armenia” and construction and modernization of the 5th energy block of Hrazdan Thermo-electric station.

During January-September 2009 about 27.8 billion drams were invested for these programs. Moreover, during the first 9 months of 2009 about 10.3 billion drams were invested for the implementation of reconstruction and development program of gas complex. During the last several years total volume of investments made 700-750 million US dollars.

Categories: Economy @en, News | Comments Off on Gasprombank opened long-term credit line for ArmRosgasprom

Tags: Armenia, CREDITLINE, GASPROMBANK

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