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EBRD AND EU HELP TO IMPROVE SOLID WASTE MANAGEMENT IN ARMENIA
16:15, 19 Dec 2014
The European Bank for Reconstruction and Development (EBRD)
is providing a EURO 3.5 million loan to Armenia to finance the
construction of the country's first European Union (EU) compliant
solid waste landfill. The loan is complemented by a EURO 3.5 million
capital grant provided by the European Union Neighbourhood Facility.
The new landfill, to be located in the city of Hrazdan in Kotayk
Province and managed by eight participating municipalities - Hrazdan,
Abovian, Charentsavan, Tsakhkadzor, Byureghavan, Yeghvard, Nor Hachn
and Sevan - will be operating 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.
The legal agreements were signed today in Yerevan by Armenia's Minister
of Finance, the participating municipalities and the EBRD.
This development represents a significant step forward in the
implementation of the government's plans to modernise and upgrade
Armenia's waste management system to European standards. It will
serve as an example, raising public awareness of the importance of
solid waste management.
On top of EBRD and EU financing the investment has received grant
funding from donors. The government of Austria will support the
implementation of the project and the corporate development of the
landfill management company. The EBRD's Shareholder Special Fund and
the Early Transition Countries Fund are also providing additional
grants.
Mark Davis, Head of the EBRD's Yerevan Office, said: "The investment
will bring substantial benefits to the residents and the environment
in the region, and will help to develop better public awareness of
the benefits of recycling. We are grateful for the strong support from
our donors for whom, as it is for us, modernisation and environmental
protection have always been a priority."
Since the start of its operations in Armenia in 1992, the EBRD has
invested over EURO 650 million in 133 projects in the country's
financial, corporate, infrastructure and energy sectors, with 87 per
cent of the investments being in the private sector.
http://www.armradio.am/en/2014/12/19/ebrd-and-eu-help-to-improve-solid-waste-management-in-armenia/
From: A. Papazian
16:15, 19 Dec 2014
The European Bank for Reconstruction and Development (EBRD)
is providing a EURO 3.5 million loan to Armenia to finance the
construction of the country's first European Union (EU) compliant
solid waste landfill. The loan is complemented by a EURO 3.5 million
capital grant provided by the European Union Neighbourhood Facility.
The new landfill, to be located in the city of Hrazdan in Kotayk
Province and managed by eight participating municipalities - Hrazdan,
Abovian, Charentsavan, Tsakhkadzor, Byureghavan, Yeghvard, Nor Hachn
and Sevan - will be operating 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.
The legal agreements were signed today in Yerevan by Armenia's Minister
of Finance, the participating municipalities and the EBRD.
This development represents a significant step forward in the
implementation of the government's plans to modernise and upgrade
Armenia's waste management system to European standards. It will
serve as an example, raising public awareness of the importance of
solid waste management.
On top of EBRD and EU financing the investment has received grant
funding from donors. The government of Austria will support the
implementation of the project and the corporate development of the
landfill management company. The EBRD's Shareholder Special Fund and
the Early Transition Countries Fund are also providing additional
grants.
Mark Davis, Head of the EBRD's Yerevan Office, said: "The investment
will bring substantial benefits to the residents and the environment
in the region, and will help to develop better public awareness of
the benefits of recycling. We are grateful for the strong support from
our donors for whom, as it is for us, modernisation and environmental
protection have always been a priority."
Since the start of its operations in Armenia in 1992, the EBRD has
invested over EURO 650 million in 133 projects in the country's
financial, corporate, infrastructure and energy sectors, with 87 per
cent of the investments being in the private sector.
http://www.armradio.am/en/2014/12/19/ebrd-and-eu-help-to-improve-solid-waste-management-in-armenia/
From: A. Papazian