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Yerevan Jur To Seek Fresh Loans To Upgrade Obsolete Water Distributi

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  • Yerevan Jur To Seek Fresh Loans To Upgrade Obsolete Water Distributi

    YEREVAN JUR TO SEEK FRESH LOANS TO UPGRADE OBSOLETE WATER DISTRIBUTION SYSTEM

    /ARKA/
    December 2, 2011
    YEREVAN

    YEREVAN, December 2. /ARKA/. The French-run Yerevan Jur company
    managing Armenian capital city's water distribution network will seek
    fresh loans to modernize the system, René Paul, chairman of Yerevan
    Jur board said today. Mr. Paul also oversees Veolia~Rs projects in
    Turkey, Russia and some other former Soviet republics.

    Veolia has received large-scale loans from the World Bank ($18 million)
    and the French government (25 million euros) to upgrade the Armenian
    capital~Rs obsolete water and sewerage networks. Most of its drinking
    water still leaks out of eroding Soviet-era pipes before reaching
    consumers.

    ~QOur ultimate and ambitious goal is to ensure 24 hour water
    supplies,~R Paul said but declined to specify how much it will seek
    to attract this time.

    According to him, the duration of water supply depends largely on
    seasons making 21 hours a day at some periods and worsening in summer.

    He said this is partly due also to various tricks used by some
    consumers to tap illegally on pipes To resolve this problem, the
    company is closely cooperating with local authorities. Rene Paul
    said also the priority task at this moment is rehabilitating water
    purification stations.

    Yerevan Jur (Yerevan Water) is run by French Veolia Generale des Eaux
    that won an international tender announced by World Bank to take up
    a long-term management of the Yerevan network in 2006. It pledged
    to upgrade the obsolete network and ensure 24-hour water supplies to
    households The company manages also drinking and waste water removal
    systems in Ararat, Aragatsotn and Kotayk provinces. Yerevan Jur has
    339,370 customers. The company produces 370 million cubic meters of
    drinking water a year and manages 2,120 km of water pipelines.

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