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KFW TO FUND WATER DAM REPAIRS IN ARMENIA
14:49 * 18.12.14
The German Development Bank KfW will allocate funds to Armenia to
assist in the renovation of a water reservoir in the village Kaps
(Shirak region).
Under a Government decision, it will sign loan and grant agreements,
offering respectively $50 million and $2 million.
The plan was announced by Minister of Finance Gagik Khachatryan at
the cabinet meeting on Thursday.
The money will be directed to repairs and infrastructure development
activities. It is planned particularly to restore the 25 million cubic
meter dam, complete development work and improve water management in
the upper streams of the river.
http://www.tert.am/en/news/2014/12/18/kaps-reservoir/1539515
14:49 * 18.12.14
The German Development Bank KfW will allocate funds to Armenia to
assist in the renovation of a water reservoir in the village Kaps
(Shirak region).
Under a Government decision, it will sign loan and grant agreements,
offering respectively $50 million and $2 million.
The plan was announced by Minister of Finance Gagik Khachatryan at
the cabinet meeting on Thursday.
The money will be directed to repairs and infrastructure development
activities. It is planned particularly to restore the 25 million cubic
meter dam, complete development work and improve water management in
the upper streams of the river.
http://www.tert.am/en/news/2014/12/18/kaps-reservoir/1539515