The construction of Zvartnots International Airport's new passenger terminal will cost $50 mln and will be carried out in three stages within three to four years. It is set to begin 90 days after the Government ratifies the project. The building of this terminal is part of the agreement signed by the Armenian Government in December 2001 leasing the Yerevan Zvartnots airport for 30 years to the Argentinean company "Corporasion America," owned by Argentinean-Armenian businessman Eduardo Eurnekian. The blue print for the re-design of the entire airport envisages investment of $59 mln and a timeline of about eight years. The total value of investments into Zvartnots is estimated to be $80-100 mln.

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