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Brief summary of investment program
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Brief summary ofBrief summary ofBrief summary ofBrief summary of
invinvinvinvestment programestment programestment programestment program
2012
2012
Brief summary ofBrief summary ofBrief summary ofBrief summary of
estment programestment programestment programestment program
Երևանի ջերմատնային գոտու ծրագրի
Brief summary ofBrief summary ofBrief summary ofBrief summary of
The Investment Program on the Construction and Development of Vicinity of the Yerevan TPP has been approved by the RA Government protocol decree № 17 of May 3,
• In order to implement the program, the RA Government has allocated 69 ha area
anticipated to build totally 50 ha greenhouse
• The land area has been preliminarily
suggestion, the sizes of the lots may become smaller
• The land is to be alienated to investors at
the amount of investment for main supply infrastructures, i.e. thermal and electric energy, water
and gas supply, as well as water discharge infrastructures
built up to the marginal section of investors
infrastructures;
• The program is funded through private investments;
• The investor is absolutely free in realising the products.
provide assistance in case if an investor w
products in foreign markets.
The program has been approved by the RA Government
• Land is sold not at market price,
• The thermal energy of the TPP
by 40% compared with heating through boiler working with gas
• According to the RA Government decree it is possible to postpone
of the goods and equipment imported for the greenhouse construction for 3 years.
• In order to involve borrowings
the land value which makes up
• Obtaining favorable conditions for the realization
intergovernmental agreements
The Armenian Harvest Promotion Centre CJSC, which is a public
of which is owned by the government and 51%
management company. The Program management
assistance:
ծրագրի ներդրումների կատարման աջակցմանBrief summary ofBrief summary ofBrief summary ofBrief summary of invinvinvinvestment programestment programestment programestment program
on the Construction and Development of State-of-the-Art Gicinity of the Yerevan TPP has been approved by the RA Government protocol decree № 17 of May 3,
2012 session
the program, the RA Government has allocated 69 ha area
anticipated to build totally 50 ha greenhouse mainly for vegetable production;
reliminarily divided into 9 lots each with 5-11 ha
suggestion, the sizes of the lots may become smaller - up to 3 ha;
is to be alienated to investors at 7000 AMD per m2 with full ownership rights
the amount of investment for main supply infrastructures, i.e. thermal and electric energy, water
and gas supply, as well as water discharge infrastructures. The main supply infrastructures are to be
built up to the marginal section of investors’ plots of land, after which, investors build the
The program is funded through private investments;
absolutely free in realising the products. The program management company
provide assistance in case if an investor wishes. It is anticipated to realize the major part of the
products in foreign markets.
The program has been approved by the RA Government and receives the following state support:
price, but on the cadastral value;
TPP is provided in such tariff which results in reducing heating expenses
with heating through boiler working with gas ;
According to the RA Government decree it is possible to postpone the deadline for paying
of the goods and equipment imported for the greenhouse construction for 3 years.
In order to involve borrowings the government provides guarantee in the amount equal to
the land value which makes up 135 000 USD per 1 ha;
Obtaining favorable conditions for the realization of the products in foreign markets
intergovernmental agreements;
The Armenian Harvest Promotion Centre CJSC, which is a public-private cooperation company 49% shares
of which is owned by the government and 51% - by private sector, is entitled to be the program
. The Program management is authorized to provide investors with the following
Program Description
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աջակցման մեխանիզմները
2 | P a g e
Art Greenhouses in the icinity of the Yerevan TPP has been approved by the RA Government protocol decree № 17 of May 3,
the program, the RA Government has allocated 69 ha area, on which it is
mainly for vegetable production;
ha area. At the investors’
with full ownership rights including
the amount of investment for main supply infrastructures, i.e. thermal and electric energy, water
. The main supply infrastructures are to be
’ plots of land, after which, investors build the
The program management company will
ishes. It is anticipated to realize the major part of the
the following state support:
which results in reducing heating expenses
the deadline for paying the VAT
of the goods and equipment imported for the greenhouse construction for 3 years.
provides guarantee in the amount equal to 80% of
in foreign markets on the basis of
private cooperation company 49% shares
by private sector, is entitled to be the program
provide investors with the following
Երևանի ջերմատնային գոտու ծրագրի
Brief summary ofBrief summary ofBrief summary ofBrief summary of
� Facilitation of the relations with state agencies, including
permissions;
� In the process of attracting financal resources
� In the process of the realisation of the grenhouse pruducts in foreign markets through creating the
“umbrella” brand and establishing cooperation with large buyers.
• Investment for 1 ha will make up
• Profitability in terms of return makes up
• In case of a 6 ha greenhouse,
• Unlike the main competitor
Morocco, Iran, Israel, etc.), import from the RA into the CIS countries is exempt from 15%
customs duty;
• 0 tariff is applied for the VAT in case of export of goods from Armenia.
Program may be financed both by
financing by the latters.
As for the program implementation
greenhouse, as well as pledged future cash flows
possible financial mechanisms.
The following funding conditions
program:
• Investment co-financing at the
• Interest rate of the involved borrowings
• Financing period - at least 5
• Grace period for payback- at least
Main Financial Characteristics of the ProgramMain Financial Characteristics of the ProgramMain Financial Characteristics of the ProgramMain Financial Characteristics of the Program
ծրագրի ներդրումների կատարման աջակցմանBrief summary ofBrief summary ofBrief summary ofBrief summary of invinvinvinvestment programestment programestment programestment program
Facilitation of the relations with state agencies, including in the process of
In the process of attracting financal resources from foreign financial institutions
realisation of the grenhouse pruducts in foreign markets through creating the
umbrella” brand and establishing cooperation with large buyers.
will make up 1.4 - 2 mln USD;
in terms of return makes up 50-60% in case of 100% funding from own equity;
ha greenhouse, payback period will be 4,5 years;
Unlike the main competitor countries importing vegetable to the CIS countries
, import from the RA into the CIS countries is exempt from 15%
0 tariff is applied for the VAT in case of export of goods from Armenia.
both by RA resident /non-resident financial institutions
mplementation, payback may be guaranteed by the land area and real estate of the
pledged future cash flows, emission of the shares of the financier
The following funding conditions are considered for feasible and effective
financing at the amount equal to 20-25% of the total program price
Interest rate of the involved borrowings - ≤ 7.5% including insurance and other costs;
5 years;
at least 1-2 years.
Main Financial Characteristics of the ProgramMain Financial Characteristics of the ProgramMain Financial Characteristics of the ProgramMain Financial Characteristics of the Program
Investment financingInvestment financingInvestment financingInvestment financing
աջակցման մեխանիզմները
3 | P a g e
in the process of obtaining document
from foreign financial institutions or markets;
realisation of the grenhouse pruducts in foreign markets through creating the
funding from own equity;
countries importing vegetable to the CIS countries (Turkey, China,
, import from the RA into the CIS countries is exempt from 15%
institutions and through joint
by the land area and real estate of the
, emission of the shares of the financier and other
considered for feasible and effective implementation of the
25% of the total program price;
including insurance and other costs;
Երևանի ջերմատնային գոտու ծրագրի
Brief summary ofBrief summary ofBrief summary ofBrief summary of
ծրագրի ներդրումների կատարման աջակցմանBrief summary ofBrief summary ofBrief summary ofBrief summary of invinvinvinvestment programestment programestment programestment program աջակցման մեխանիզմները
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