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World Bank Releases $20 Million Credit to Armenia For Water Supplies

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  • World Bank Releases $20 Million Credit to Armenia For Water Supplies

    Armenpress

    WORLD BANK RELEASES $20 MILLION CREDIT TO ARMENIA FOR WATER SUPPLIES
    IMPROVEMENT

    YEREVAN, APRIL 15, ARMENPRESS: Armenian finance minister Vartan
    Khachatrian and World Bank Resident Representative Roger Robinson signed
    today a $20 million credit program. The Bank will make the credit available
    for the government to help it further improve water supply and waste water
    removal system in Yerevan.
    A press release by the ministry said the loan will be used to provide the
    households in the capital city with safe and continued water supplies and to
    reduce ecological pollution. This is the third such credit to the
    government.
    The ministry said the government plans a wider involvement of the private
    sector in the implementation of the project and will announce a tender to
    select an operator for Yerevan water and sewage company.
    Since 1992 the World Bank has given Armenia around $860 million worth
    credits through its International Development Association.
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