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ARMENIA TO GET $4.7 MLN FROM MILLENNIUM CHALLENGE CORPORATION
ARKA
Oct 8, 2008
YEREVAN, October 8. /ARKA/. Armenia plans to get $4.7mln from
Millennium Challenge Corporation (MCC) in the third quarter (Q3), said
Ara Hovsepyan, general director of Millennium Challenge Account-Armenia
(MCCA).
The money will serve for water supply projects and reconstruction of
water mains.
MCCA will invite bids for reconstruction of six water mains in ten
days. The rest of the money will be allocated for feasibility studies,
Hovsepyan reported.
Part of the investments will be allocated for final repairs of the
Armavir-Isahakyan-Gyumri road. MCCA plans to launch new construction
projects next spring.
Projects on gravity water supply and pumping stations are under
way. MCCA also plans to reconstruct the drainage system in Ararat
Valley by next spring. Hovsepyan added.
According to an agreement signed on March 27, 2006, MCC is to allocate
$235.65mln for Rural Road Rehabilitation and Irrigated Agriculture
programs in Armenia within five years.
MCC will allocate $108mln for the Irrigated Agriculture Program. The
corporation granted Armenia $22.5mln as of September 30, 2008.
ARKA
Oct 8, 2008
YEREVAN, October 8. /ARKA/. Armenia plans to get $4.7mln from
Millennium Challenge Corporation (MCC) in the third quarter (Q3), said
Ara Hovsepyan, general director of Millennium Challenge Account-Armenia
(MCCA).
The money will serve for water supply projects and reconstruction of
water mains.
MCCA will invite bids for reconstruction of six water mains in ten
days. The rest of the money will be allocated for feasibility studies,
Hovsepyan reported.
Part of the investments will be allocated for final repairs of the
Armavir-Isahakyan-Gyumri road. MCCA plans to launch new construction
projects next spring.
Projects on gravity water supply and pumping stations are under
way. MCCA also plans to reconstruct the drainage system in Ararat
Valley by next spring. Hovsepyan added.
According to an agreement signed on March 27, 2006, MCC is to allocate
$235.65mln for Rural Road Rehabilitation and Irrigated Agriculture
programs in Armenia within five years.
MCC will allocate $108mln for the Irrigated Agriculture Program. The
corporation granted Armenia $22.5mln as of September 30, 2008.