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European Investment Bank Finances Armenia Water, Border Upgrades

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  • European Investment Bank Finances Armenia Water, Border Upgrades

    EUROPEAN INVESTMENT BANK FINANCES ARMENIA WATER, BORDER UPGRADES

    Bloomberg
    Aug 9 2012

    The European Investment Bank is lending Armenia almost 37 million euros
    ($45 million) to help upgrade municipal water and sewage facilities
    and construct three crossing points on the border with Georgia.

    The bulk of the financing will be to develop border crossings and
    improve access roads at Bagratashen, Bavra and Gogavan, the European
    Union's bank said. Loans to improve the drinking water supply and
    wastewater treatment will aid about 300,000 residents of 17 towns in
    Armenia, the EIB said in a website statement.

    http://www.bloomberg.com/news/2012-08-09/european-investment-bank-finances-armenia-water-border-upgrades.html

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