Armenia: Cofinancing

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.

From 2005 to the end of 2016, cumulative direct value-added official cofinancing for Armenia amounted to $323.5 million for three investment projects and $3.8 million for five technical assistance projects. Cumulative direct value-added commercial cofinancing for Armenia amounted to $134.49 million for three investment projects.

In 2016, the European Investment Bank (EIB) provided loan cofinancing of $56.4 million for the Armenia-Georgia Border Regional Road (M6 Vanadzor-Bagratashen) Improvement Project.

Armenia: Projects Cofinanced, 1 January 2012–31 December 2016

Cofinancing No. of Projects Amount ($ million)
Projectsa 7 377.99
   Grants 2 18.79
   Official loans 3 304.71
   Commercial cofinancing 2 54.49
Technical Assistance Grants 4 3.26

A project with more than one source of cofinancing is counted once.

Investment Projects Cofinanced for Armenia, 1 January 2012–31 December 2016

Project ADB Amounta ($ million) Cofinancing Amount ($ million) Type of Cofinancingb
Armenia-Georgia Border Regional Road (M6 Vanadzor-Bagratashen) Improvement 50.00 56.40 O
North-South Road Corridor Investment Program - Tranche 3 100.00 237.10 G/O
Power Transmission Rehabilitation 37.00 30.00 G/O
Sevan-Hrazdan Cascade Hydropower System Rehabilitation 25.00 25.00 C
Trade Finance Program 17.60 29.49 C

Loan, grant or blend.
b G = grant cofinancing, O = official loan cofinancing.