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AGREEMENT WITH KFW ON CONSTRUCTION OF KAPS RESERVOIR IN ARMENIA MAY BE SIGNED IN SEPTEMBER
YEREVAN, June 19. /ARKA/. The loan agreement with German KfW on
construction of Kaps water reservoir in Armenia may be signed in
September, the press office of the Armenian government reported
referring to the premier Hovik Abrahamyan's meeting with the German
side
The meeting was attended by the German ambassador to Armenia Reiner
Morell, general director of Europe and Asia affairs at KfW Roland
Ziller and the head of German Society of International Cooperation
(GIZ) Dagmar Bot. The sides discussed cooperation programs between
Armenia and KfW.
In general, construction of reservoirs is one of the government
priorities, and the respective works on four new reservoirs are
expected to start in the near years.
The head of the government and Ziller stressed the importance of the
construction of Armenia-Georgia electric main supported by KfW.
The premier expressed hopes that the Central Bank of Armenia and KfW
will develop their cooperation into programs on apartment repairs
and on small and medium-sized enterprises.
Issues on energy savings in schools, agriculture and community
infrastructures have been also discussed, according to the report.
Implementation of these programs is expected to start after the
sitting of Armenian-German intergovernmental commission this autumn,
says the report.
Armenia's premier Hovik Abrahamyan expressed the importance of further
development of Armenian-German relations and said this cooperation
is given special attention on Armenia's foreign policy agenda.
The government will do its best for expansion of economic and political
ties between the country, the premier said.
German KfW bank has been supporting implementation of programs in
Armenia since 1995. The main fields of cooperation are energy, water
supply, development of finance and banking and the private sector.
Funding from KfW exceeded 0.5 billion euros as of October 2013. -0--
- See more at:
http://arka.am/en/news/business/agreement_with_kfw_on_construction_of_kaps_reservo ir_in_armenia_may_be_signed_in_september/#sthash.D9zxiFVd.dpuf
From: Baghdasarian
YEREVAN, June 19. /ARKA/. The loan agreement with German KfW on
construction of Kaps water reservoir in Armenia may be signed in
September, the press office of the Armenian government reported
referring to the premier Hovik Abrahamyan's meeting with the German
side
The meeting was attended by the German ambassador to Armenia Reiner
Morell, general director of Europe and Asia affairs at KfW Roland
Ziller and the head of German Society of International Cooperation
(GIZ) Dagmar Bot. The sides discussed cooperation programs between
Armenia and KfW.
In general, construction of reservoirs is one of the government
priorities, and the respective works on four new reservoirs are
expected to start in the near years.
The head of the government and Ziller stressed the importance of the
construction of Armenia-Georgia electric main supported by KfW.
The premier expressed hopes that the Central Bank of Armenia and KfW
will develop their cooperation into programs on apartment repairs
and on small and medium-sized enterprises.
Issues on energy savings in schools, agriculture and community
infrastructures have been also discussed, according to the report.
Implementation of these programs is expected to start after the
sitting of Armenian-German intergovernmental commission this autumn,
says the report.
Armenia's premier Hovik Abrahamyan expressed the importance of further
development of Armenian-German relations and said this cooperation
is given special attention on Armenia's foreign policy agenda.
The government will do its best for expansion of economic and political
ties between the country, the premier said.
German KfW bank has been supporting implementation of programs in
Armenia since 1995. The main fields of cooperation are energy, water
supply, development of finance and banking and the private sector.
Funding from KfW exceeded 0.5 billion euros as of October 2013. -0--
- See more at:
http://arka.am/en/news/business/agreement_with_kfw_on_construction_of_kaps_reservo ir_in_armenia_may_be_signed_in_september/#sthash.D9zxiFVd.dpuf
From: Baghdasarian