The executive has adopted a decision to provide financing to “GTB STEEL” LLC. The Company plans to implement an investment project for the construction of a steel factory in the village of Ararat. According to the justification, the construction of the steel factory in Yeraskh settlement by the company was stopped due to some circumstances. In order to build the steel plant in Yeraskh, the Company has made a number of construction costs, the total amount of which is around 2 billion drams.

Accordingly, it is proposed to provide a budget loan of 3,500,000,000 drams with an annual interest rate of 8 percent for 4 years starting repayment from the 3rd year for the purpose of financing the project of “GTB STEEL” LLC in Ararat settlement.