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Saur to invest $25m in 4 years to improve water supplies

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  • Saur to invest $25m in 4 years to improve water supplies

    ArmenPress
    Jan 28 2005

    SAUR TO INVEST $25 MILLION IN 4 YEARS TO IMPROVE WATER SUPPLIES

    YEREVAN, JANUARY 28, ARMENPRESS : The French company Saur that won
    an international tender for running Armenia's water and sewage system
    has pledged to invest $2 or $3 million this year to improve water
    supplies and gradually phase out water rationing. Patrick Loren, the
    chief manager of Armenian Water and Sewage company, said one of the
    priorities will be to decrease losses of water.
    The company operates water supplies to 300 rural and 37 urban
    communities. Another priority, according to him, is the installment
    of water meters, repair of decayed pipes, restoration of water
    purifying stations. Out of 176,846 active households only 73,000 have
    installed meters. The company plans to raise this figure by another
    30,000 this year.
    Two pilots projects will be implemented in Sevan and Dilijan. Next
    year the project will include other towns and rural settlements. The
    company's four-year investment project envisages a total of $25,5
    million investments, of which $23 million will come from a World Bank
    long-term credit, another $2.5 million will come from the government
    budget.
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