Zvartnots Airport Expansion Project (Phase 2) (Armenia)
Extended Annual Review Report Project Number: 43922 Investment/Loan Number: 7308/2620 October 2013 Loan Zvartnots Airport Expansion Project (Phase 2) (Armenia) In accordance with ADB’s public communication policy (PCP, 2011), this extended annual review report excludes information referred to in paragraph 67 of the PCP. CURRENCY EQUIVALENTS Currency Unit – dram (AMD) At Appraisal At Project Completion 13 February 2010 30 August 2012 AMD1.00 – $0.00262 $0.00244 $1.00 – AMD381.50 AMD409.36 ABBREVIATIONS ADB – Asian Development Bank AIA – Armenia International Airports AmIA – American International Airports DEG – Deutsche Investitions-und Entwicklungsgesellchaft EAP – environmental action plan EBITDA – earnings before interest, taxes, depreciation, and amortization EBRD – European Bank for Reconstruction and Development ECG – Evaluation Cooperation Group EIA – environmental impact assessment EMP – environmental management plan EROIC – economic return on invested capital ICAO – International Civil Aviation Organization IEE – initial environmental examination OSPF – Office of the Special Project Facilitator RAP – resettlement action plan ROIC – return on invested capital RRP – report and recommendation of the President WACC – weighted average cost of capital ZIA – Zvartnots International Airport NOTES (i) The fiscal year (FY) of the Government of Armenia ends on 31 December. FY before a calendar year denotes the year in which the fiscal year ends, e.g., FY2010 ends on 31 December 2010. (ii) In this report, "$" refers to US dollars. Vice-President L. Venkatachalam, Private Sector and Cofinancing Operations Director General T. Freeland, Private Sector Operations Department (PSOD) Director M. Barrow, Infrastructure Finance Division 1, PSOD Team leader E. Gregori, Unit Head, Project Administration, PSOD Team member s H. Cruda, Senior Safeguards Specialist, PSOD S.
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