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Armenia expects the last grant amounted $16.7 million from `Millennium
Challenge' corporation
YEREVAN. September 17. /ARKA/. Armenia expects to get the last grant
amounted $16.661 million from the American corporation `Millennium
Challenge-Armenia', press-service of the Armenian government informs.
Application for getting the last grant was approved on Friday in the
last meeting of the board of the fund `Millennium Challenge-Armenia'
headed by the Prime Minister of Armenia Tigran Sargsyan.
The last grant is planned to get in the period from October 2011 to
January 2012. It will be fully targeted at the implementation of the
last payments to construction companies by irrigation program of
agriculture.
Program of corporation `Millennium Challenge-Armenia' on the reduction
of rural poverty through rehabilitation of irrigation infrastructures
vital for Armenia will be ended in January 2012. Total cost of the
program after its completion will be $176.491 million.
`During five years a large amount of work was implemented. The results
are really obvious and visible for our citizens. If there are even the
slightest doubts about the effectiveness and implementation of the
projects, any issue is submitted for public discussion, which formed a
special atmosphere of trust', said Sargsyan.
The Prime Minister on behalf of the Board thanked the corporation for
funding and implementation of the program, as well as the employees of
the American Embassy and representatives of Armenian office of
corporation `Millennium Challenge-Armenia'.
`We also thank the board members, including representatives of private
sector organizations, beneficiaries who have been with us for five
years giving an objective assessment to the work of the Board,
implemented control to make sure that decisions are made strictly by
the rules, openly and transparent', said Sargsyan.
Noting that the work was hard, Sargsyan stressed that it is,
nevertheless, a success.
The goal of the program of corporation `Millennium Challenge-Armenia'
is to reduce rural poverty through rehabilitation of critical
irrigation infrastructure in Armenia, as well as provide financial
assistance and advice to farmers, representatives of processing
industry and management structures of irrigation system.
According to the agreement of March 27, 2006, the American corporation
`Millennium Challenge' planned to allocate $235.65 million to Armenia
for five years for rehabilitation programs of irrigation systems and
community roads. On June 10, 2009 the Board meeting decided to suspend
funding of the program of road construction, in the result of which
its cost was reduced to $176.5 million. --0--
From: Baghdasarian
Challenge' corporation
YEREVAN. September 17. /ARKA/. Armenia expects to get the last grant
amounted $16.661 million from the American corporation `Millennium
Challenge-Armenia', press-service of the Armenian government informs.
Application for getting the last grant was approved on Friday in the
last meeting of the board of the fund `Millennium Challenge-Armenia'
headed by the Prime Minister of Armenia Tigran Sargsyan.
The last grant is planned to get in the period from October 2011 to
January 2012. It will be fully targeted at the implementation of the
last payments to construction companies by irrigation program of
agriculture.
Program of corporation `Millennium Challenge-Armenia' on the reduction
of rural poverty through rehabilitation of irrigation infrastructures
vital for Armenia will be ended in January 2012. Total cost of the
program after its completion will be $176.491 million.
`During five years a large amount of work was implemented. The results
are really obvious and visible for our citizens. If there are even the
slightest doubts about the effectiveness and implementation of the
projects, any issue is submitted for public discussion, which formed a
special atmosphere of trust', said Sargsyan.
The Prime Minister on behalf of the Board thanked the corporation for
funding and implementation of the program, as well as the employees of
the American Embassy and representatives of Armenian office of
corporation `Millennium Challenge-Armenia'.
`We also thank the board members, including representatives of private
sector organizations, beneficiaries who have been with us for five
years giving an objective assessment to the work of the Board,
implemented control to make sure that decisions are made strictly by
the rules, openly and transparent', said Sargsyan.
Noting that the work was hard, Sargsyan stressed that it is,
nevertheless, a success.
The goal of the program of corporation `Millennium Challenge-Armenia'
is to reduce rural poverty through rehabilitation of critical
irrigation infrastructure in Armenia, as well as provide financial
assistance and advice to farmers, representatives of processing
industry and management structures of irrigation system.
According to the agreement of March 27, 2006, the American corporation
`Millennium Challenge' planned to allocate $235.65 million to Armenia
for five years for rehabilitation programs of irrigation systems and
community roads. On June 10, 2009 the Board meeting decided to suspend
funding of the program of road construction, in the result of which
its cost was reduced to $176.5 million. --0--
From: Baghdasarian