Tariff Of 1 Cubic Meter Of Water To Become 172.8 Drams From June 1

[Tigranian Ani]

TARIFF OF 1 CUBIC METER OF WATER TO BECOME 172.8 DRAMS FROM JUNE 1

Noyan Tapan
Apr 12 2006

YEREVAN, APRIL 12, NOYAN TAPAN. Starting June 1, the tariff of 1 cubic
meter of water will become 172.8 drams (about 0.38 USD) instead of
the current 125 drams. NT correspondent was informed from the press
service of the State Water Industry Committee of the RA Ministry of
Territorial Administration that General des Eaux company (France),
which leases Yerevan Water Canal company (henceforth Yerevan Water),
has already submitted a water tariff increase bid to the RA Public
Services Regulatory Commission. Having leased the water supply and
sewerage systems of the area which was serviced by Water Canal,
the French company has already set new tariffs for the next 10
years. The tender package of General des Eaux envisages a change in
water tariffs in case of changes in electricity tariffs, currency rates
and inflation, while the RA Public Services Regulatory Commission only
has to approve these tariffs. To recap, within a 20 mln-dollar World
Bank credit program on Yerevan water supply and sewerage, General
des Eaux company will implement a project on improvement of the system.