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They Already Want Money

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  • They Already Want Money

    From: Sebouh Z Tashjian <[email protected]>
    Subject: They Already Want Money



    [04:25 pm] 28 April, 2006

    Today the Committee Regulating Public Relations convened a session to
    discuss the application of the company `Yerevan
    Water'. According to the application, the company offers to raise
    the tariffs of water to 172.8 AMD instead of 125 AMD.

    The Committee decided to postpone the session for a month because of
    the unfinished processed in the contract between the company and the
    RA Government. Let us remind you that in 2005 a competition was
    announced the winner of which would take care of the water supply of
    Yerevan. The winner was the French organization `General des
    eau' which created the company «Yerevan Water».

    It is noteworthy that the company has not yet started its activity in
    Armenia but has already managed to send an application to raise the
    tariffs of water. The company has signed an agreement for ten years
    and has taken up the commitment to make an investment of 17.6 million
    Euros. By the way, in the contract they promised to raise the tariffs
    to 172.8 AMD for the coming three years. After three years the tariffs
    were to be reduced every year and to reach 75 AMD.