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WB To Lend $20 Million To Armenia For Water System Rehabilitation An

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  • WB To Lend $20 Million To Armenia For Water System Rehabilitation An

    WB TO LEND $20 MILLION TO ARMENIA FOR WATER SYSTEM REHABILITATION AND IMPROVEMENTS

    ARKA
    Oct 31, 2008

    YEREVAN, October 31. /ARKA/. The World Bank's Board of Directors
    approved a US$20 million credit for additional financing for the
    Armenia Municipal Water and Wastewater Project (MWWP) on Thursday,
    WB Yerevan Office reported on Friday.

    "The additional financing will support the government's efforts in
    scaling up activities implemented under the ongoing program of water
    system rehabilitation and improvements, including an extension of the
    ongoing management contract between the Armenia Water and Wastewater
    Company (AWSC), the water utility in charge of the project, and an
    international water supply utility operator", the press release said.

    The WB Yerevan Office says the credit is provided on "hardened"
    IDA terms with a maturity of 20 years, and a grace period of 10
    years included.

    Armenia has been in the process of graduating from IDA since July
    1, 2006.

    "The Additional Financing will support three main components: (i)
    AWSC Management Strengthening by providing funding for continuation
    of the management contract for additional two years; (ii) AWSC
    Investments by funding institutional and financial capacity building,
    procurement of equipment and machinery to improve the operations
    of AWSC, rehabilitation and improvement of chemical and biological
    laboratories, and assistance to AWSC's training activities; and (iii)
    Investments in Branch Systems by providing funding for the replacement
    of deteriorated treatment and chlorination equipment; procurement and
    installation of pressure loggers, pipes and fittings, and design and
    civil works for network rehabilitation", the press office reports.

    "SAUR" S.A. French company won the tender for management of Armenian
    Water and Sewerage Company in 2004. Armenian Water and Sewerage
    Company serves about 33% of the country's population in more than
    300 communities, 54% of which are urban.

    The company is providing services to 264,000 consumers in 286 villages
    and 37 cities of the country.

    It has branches with their central offices in all provinces,
    including Gegharkunik, Tavush, Kotayk, Aragatsotn, Ararat, Syunik
    and Vayots Dzor.

    Armenia joined the World Bank in 1992 and International Development
    Association in1993. Liabilities on 49 programs total $1,076
    billion.

    From: Emil Lazarian | Ararat NewsPress
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