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15 MILLION EU GRANT FOR IMPROVING WATER SUPPLY SYSTEM IN ARMENIA
May 14, 2014 | 17:35
YEREVAN. - The signature ceremony of the â~B¬15 million grant financing
agreement for the Communal Infrastructure Water Programme, Phase 3,
provided by the EU within the Neighbourhood Investment Facility,
took place at the Ministry of Finance on Wednesday.
The agreement was signed between the Government of the Republic of
Armenia and KfW Development Bank. Authorised representatives from the
Armenian side included the Minister of Finance, Gagik Khachatryan and
the President of the State Committee on Water Supply of the Ministry
of Territorial Administration, Andranik Andreasyan.
On behalf of KfW Development Bank, Regional Manager Lars Oermann and
Head of District Infrastructure Arne Gooss signed the agreement. The
EU was represented by the Head of the EU Delegation in Armenia,
Traian Hristea.
The Communal Infrastructure Programme is aimed at improving water
supply systems in different regions of Armenia. The total budget of
the programme is â~B¬73 million: this is broken down into tranches
of â~B¬30 million provided by KfW Development Bank, a â~B¬2.5
million grant from KfW itself, a loan of â~B¬25.5 million from the
European Investment Bank, and â~B¬15 million from the EU Neighbourhood
Investment Facility. â~B¬10 million from the grant budget will be used
to supply villages with drinking water and improve irrigation systems;
a sewage-cleaning station worth â~B¬2 million will be built in Armavir;
â~B¬3 million will be used to pay for a management agreement with
four water-supply companies - Armenian Water and Sewage, Lori Water
and Sewage, Shirak Water and Sewage, and Nor Akunq.
News from Armenia - NEWS.am
May 14, 2014 | 17:35
YEREVAN. - The signature ceremony of the â~B¬15 million grant financing
agreement for the Communal Infrastructure Water Programme, Phase 3,
provided by the EU within the Neighbourhood Investment Facility,
took place at the Ministry of Finance on Wednesday.
The agreement was signed between the Government of the Republic of
Armenia and KfW Development Bank. Authorised representatives from the
Armenian side included the Minister of Finance, Gagik Khachatryan and
the President of the State Committee on Water Supply of the Ministry
of Territorial Administration, Andranik Andreasyan.
On behalf of KfW Development Bank, Regional Manager Lars Oermann and
Head of District Infrastructure Arne Gooss signed the agreement. The
EU was represented by the Head of the EU Delegation in Armenia,
Traian Hristea.
The Communal Infrastructure Programme is aimed at improving water
supply systems in different regions of Armenia. The total budget of
the programme is â~B¬73 million: this is broken down into tranches
of â~B¬30 million provided by KfW Development Bank, a â~B¬2.5
million grant from KfW itself, a loan of â~B¬25.5 million from the
European Investment Bank, and â~B¬15 million from the EU Neighbourhood
Investment Facility. â~B¬10 million from the grant budget will be used
to supply villages with drinking water and improve irrigation systems;
a sewage-cleaning station worth â~B¬2 million will be built in Armavir;
â~B¬3 million will be used to pay for a management agreement with
four water-supply companies - Armenian Water and Sewage, Lori Water
and Sewage, Shirak Water and Sewage, and Nor Akunq.
News from Armenia - NEWS.am