Tweet
EuroAlert
Aug 10 2012
The European Investment Bank will finance projects in water
infrastructure and border crossings in Armenia
published on Friday, August 10, 2012 under Cooperation & Development
The European Investment Bank has approved loans for up to 37 million
to develop infrastructure improvement projects in Armenia. These two
loans will be dedicated to the improvement of drinking water and waste
water treatment infrastructures, and to the modernization of certain
border crossings.
The loans approved by the European Investment Bank (EIB) for projects
to be developed in Armenia are based on the mandate from the Council
and the European Parliament on the policies developed in Eastern
Partner Countries and in Russia. This mandate covers the period
2007-2013 and focuses on the development of projects in local private
sector development - especially SMEs, and the development of
infrastructure and socio-economic improvement and adaptation to
climate change.
Whithin this context, the first of the loans approved by the EIB will
be devoted to the development of border crossings in Bagratashen,
Bavra and Gogavan, along with the improvement of roads and associated
infrastructures in the surrounding areas. The loan, which totals 30.3
million, will help the Armenian authorities to develop their
priorities in maintaining reliable transport infrastructure.
The second loan amounts to 6.5 million. It will finance projects to
improve drinking water access and water treatment and sanitation.
These actions will benefit some 300,000 people in 17 small Armenian
populations, helping to improve their living conditions.
Both projects will be co-financed by the European Bank for
Reconstruction and Development (EBRD) and the Neighbourhood Investment
Facility (NIF). With this loans signature the EIB almost triples its
investments in Armenia.
http://euroalert.net/en/news.aspx?idn=15684
Aug 10 2012
The European Investment Bank will finance projects in water
infrastructure and border crossings in Armenia
published on Friday, August 10, 2012 under Cooperation & Development
The European Investment Bank has approved loans for up to 37 million
to develop infrastructure improvement projects in Armenia. These two
loans will be dedicated to the improvement of drinking water and waste
water treatment infrastructures, and to the modernization of certain
border crossings.
The loans approved by the European Investment Bank (EIB) for projects
to be developed in Armenia are based on the mandate from the Council
and the European Parliament on the policies developed in Eastern
Partner Countries and in Russia. This mandate covers the period
2007-2013 and focuses on the development of projects in local private
sector development - especially SMEs, and the development of
infrastructure and socio-economic improvement and adaptation to
climate change.
Whithin this context, the first of the loans approved by the EIB will
be devoted to the development of border crossings in Bagratashen,
Bavra and Gogavan, along with the improvement of roads and associated
infrastructures in the surrounding areas. The loan, which totals 30.3
million, will help the Armenian authorities to develop their
priorities in maintaining reliable transport infrastructure.
The second loan amounts to 6.5 million. It will finance projects to
improve drinking water access and water treatment and sanitation.
These actions will benefit some 300,000 people in 17 small Armenian
populations, helping to improve their living conditions.
Both projects will be co-financed by the European Bank for
Reconstruction and Development (EBRD) and the Neighbourhood Investment
Facility (NIF). With this loans signature the EIB almost triples its
investments in Armenia.
http://euroalert.net/en/news.aspx?idn=15684