EU-Armenia Investment Coordination Platform discusses key infrastructure projects and investment cooperation

The third meeting of the EU-Armenia Investment Coordination Platform took place yesterday at the Government House in Yerevan, Armenia. 

The platform brings together the Armenian government, the European Union, and international financial institutions (IFIs) to facilitate investments in Armenia, promoting sustainable development and economic growth in the context of the EU’s Economic and Investment Plan (EIP) and its flagships for Armenia. The meeting was co-chaired by Deputy Prime Minister Mher Grigoryan and Vassilis Maragos, EU Ambassador to Armenia.

During the meeting, essential infrastructure investments were discussed – the Caucasus Transmission Network project (connection of the high voltage transmission network of Armenia with the Georgian electricity grid), the Sisian Kajaran road (segment of the north-south transport corridor that once completed will reduce the travel time), and the ‘Resilient Syunik Framework Loan’ project on municipal infrastructure. 

Both sides committed to continue exploring new investment opportunities in Armenia under the new Resilience and Growth Plan. The Armenian authorities expressed the need to further promote the development of the country’s quality infrastructure and capital market to further strengthen trade and diversify the economy. The EU will provide €270 million in assistance for the period 2024-2027, €200 million in grant assistance and €70 million in grant funding to leverage investments in connectivity, resilience and business development, the EU Delegation to Armenia said in a press release. 

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Press release