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Armenia's Capital Gets Water Loan From EBRD For Infrastructure

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  • Armenia's Capital Gets Water Loan From EBRD For Infrastructure

    ARMENIA'S CAPITAL GETS WATER LOAN FROM EBRD FOR INFRASTRUCTURE

    Bloomberg / Business Week
    July 19 2013

    By Randall Hackley

    The Armenian capital of Yerevan is getting a water-supply and
    network infrastructure improvement loan from the European Bank for
    Reconstruction and Development.

    The EBRD said 5.4 million euros ($7.1 million) in financing will
    allow Yerevan Djur CJSC, a unit of Europe's largest water company
    Veolia Environnement (VIE), to implement project upgrades including
    pipe replacements and reduce water losses in the city of 1.1 million
    residents. Yerevan Djur will also install new water meters for
    households, the bank said today in a statement.

    http://www.businessweek.com/news/2013-07-19/armenia-s-capital-gets-water-loan-from-ebrd-for-infrastructure

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