USD 12mln to be invested in modernization of Armenia's postal service

A total of USD 12mln are to be invested in the modernization of postal service in Armenia until 2012, Hans Boon, Trust Manager, Haypost Company, told ARKA.

Under the trust management program, investments are supposed to cause progress in postal service, he said.

Boon also said that the main task of modernization is to improve the quality of postal services The Haypost Company also intends to introduce new technologies, which will bring postal service to conformity with international standards. The program also envisages modernization of post offices. Specifically, four to ten post offices will be completely renovated this year.

The Post Office will change its image. It will turn into a comfortable shop for clients, who will come with confidence that high-quality services will be rendered to them, Boon said.

A contract for the transfer of the Haypost Company (Armenia) to the trust management of the Haypost Trust Management Company (the Netherlands) was signed in Yerevan on November 30, 2006. Under the contract, the company was transferred to the Dutch company’s trust management for five years, with the right to prolongation for five years.

“Haypost Trust Management” “Amsterdam, Netherlands) was founded to implement the trust management program. The company is operating as part of cooperation with the Post Finance International Company, which is specializing in modernizing postal services in developing countries

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