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ERBD To Loan Armenia EURO 3.5 Million For Hrazdan Solid Waste Landfi

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  • ERBD To Loan Armenia EURO 3.5 Million For Hrazdan Solid Waste Landfi

    ERBD TO LOAN ARMENIA EURO 3.5 MILLION FOR HRAZDAN SOLID WASTE LANDFILL

    15:29, December 19, 2014

    The European Bank for Reconstruction and Development (EBRD) today
    signed a EURO 3.5 million loan deal with Armenia to finance the
    construction of the country's first European Union (EU) compliant
    solid waste landfill.

    The new landfill, to be located in the city of Hrazdan in Kotayk
    Province and managed by eight participating municipalities - Hrazdan,
    Abovyan, Charentsavan, Tsakhkadzor, Byureghavan, Yeghvard, Nor Hatchn
    and Sevan - will operate as a commercially sustainable unit with
    modern solid waste management systems, covering the collection and
    disposal of municipal solid waste.

    This will provide major environmental and social benefits for some
    215,000 people in the area covered by the facility, according to
    the ERBD.

    The loan is complemented by a EURO 3.5 million capital grant provided
    by the European Union Neighbourhood Facility.

    http://hetq.am/eng/news/57862/erbd-to-loan-armenia-%E2%82%AC35-million-for-hrazdan-solid-waste-landfill.html

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