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IFC and EBRD will allocate credit in the amount of &9 million to Armenian construction company “Elite Group”

09.07.2010 17:18

IFC and EBRD will allocate credit in the amount of &9 million to Armenian construction company “Elite Group”

AGHVERAN, July 9. /ARKA/. International Finance Corporation (IFC) and European Bank of Reconstruction and Development (EBRD) will allocate credit in the total amount of &9 million to Armenian construction company “Elite Group” fro the construction of 18-storeyed office building in the center of Yerevan.

Relevant agreement was signed on Friday between representatives of three parties in the frames of the visit of Tigran Sargsyan, Armenian Prime Minister to Kotayk region.

IFC will allocate $5.4 million and EBRD - $3.6 million.

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Tags: Armenia, EBRD, Elite Group, IFC

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