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WORLD BANK MAY PROVIDE ARMENIA WITH $22 MILLION LOAN NEXT YEAR TO REHABILITATE ITS IRRIGATION SYSTEM
ARKA
Oct 26, 2011
YEREVAN, October 26. / ARKA /. The World Bank may provide Armenia with
a $22 million loan next year to help it rehabilitate its irrigation
system, head of WB Yerevan Office, Jean-Michel Happi, said today.
World Bank's Board of Executive Directors approved October 25 a
US$18 million loan for the Additional Financing of the Irrigation
Rehabilitation Emergency Project (IREP) for Armenia. The loan will
be used to improve water use efficiency in the selected irrigation
schemes, as well as foster immediate rural employment in seven regions
of Armenia.
The rehabilitation works will include 50 km of main and secondary
canals serving around 52,000 hectares in Aragastotn, Kotayk, Shirak,
Lori, Ararat, and Armavir regions, which will allow reducing water
losses by an estimated 34.4 million cubic meters and will potentially
restore irrigation on about 4,700 ha.
In addition, rehabilitation of another 63 km of tertiary networks
in 19 communities of Lori, Shirak, Gegharkunik, and Armavir regions
will reduce water losses by 9.9 million cubic meters, will improve
existing irrigation water services on over 2,500 ha, and potentially
restore irrigation on 1,760 ha. This project is expected to directly
benefit over 88.000 farmers who will see their farm profitability
and incomes rise
"The World Bank has earmarked $40 million for Armenia to help
it restore the irrigation system. The Additional Financing of the
Irrigation Rehabilitation Emergency Project (IREP is only $18 million
and there is still the $22 million, that may be provided in 2012,"
Mr. Happi said.
Under the original IREP, some 89.4 km were rehabilitated, including
57.7 km in Talin and 31.7 km in Armavir main canals. Water losses
declined by about 96.9 million cubic meters from around 114. Since
joining the World Bank in 1992 and IDA in 1993, the total IDA and
IBRD commitments to Armenia amount to USS1, 506 million.
ARKA
Oct 26, 2011
YEREVAN, October 26. / ARKA /. The World Bank may provide Armenia with
a $22 million loan next year to help it rehabilitate its irrigation
system, head of WB Yerevan Office, Jean-Michel Happi, said today.
World Bank's Board of Executive Directors approved October 25 a
US$18 million loan for the Additional Financing of the Irrigation
Rehabilitation Emergency Project (IREP) for Armenia. The loan will
be used to improve water use efficiency in the selected irrigation
schemes, as well as foster immediate rural employment in seven regions
of Armenia.
The rehabilitation works will include 50 km of main and secondary
canals serving around 52,000 hectares in Aragastotn, Kotayk, Shirak,
Lori, Ararat, and Armavir regions, which will allow reducing water
losses by an estimated 34.4 million cubic meters and will potentially
restore irrigation on about 4,700 ha.
In addition, rehabilitation of another 63 km of tertiary networks
in 19 communities of Lori, Shirak, Gegharkunik, and Armavir regions
will reduce water losses by 9.9 million cubic meters, will improve
existing irrigation water services on over 2,500 ha, and potentially
restore irrigation on 1,760 ha. This project is expected to directly
benefit over 88.000 farmers who will see their farm profitability
and incomes rise
"The World Bank has earmarked $40 million for Armenia to help
it restore the irrigation system. The Additional Financing of the
Irrigation Rehabilitation Emergency Project (IREP is only $18 million
and there is still the $22 million, that may be provided in 2012,"
Mr. Happi said.
Under the original IREP, some 89.4 km were rehabilitated, including
57.7 km in Talin and 31.7 km in Armavir main canals. Water losses
declined by about 96.9 million cubic meters from around 114. Since
joining the World Bank in 1992 and IDA in 1993, the total IDA and
IBRD commitments to Armenia amount to USS1, 506 million.