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EUROPEAN UNION TO DISCUSS ONGOING AND FUTURE INVESTMENT PROJECTS IN ARMENIA
ARMENPRESS
NOVEMBER 8, 2010
YEREVAN
YEREVAN, OCTOBER 8, ARMENPRESS: On 8-9 November representatives of
the European Union will visit Armenia to start the implementation
of a project on the rehabilitation of the Yerevan metro and discuss
an agreement on a water supply and rehabilitation project with
municipalities in Armenia, press service of the EU representation in
Armenia reported.
The purpose of the metro rehabilitation project is to finance priority
capital investments to renovate the Yerevan metro system. The project
will focus on the most immediate safety upgrade and renovation needs,
including rolling stock upgrades, track improvements, power supply
refurbishment, pump replacement and a maintenance trolley among
others. The first phase of Yerevan Metro Rehabilitation project was
approved in March 2010, and is supported by a ~@ 5 million EU grant
through the EU Neighbourhood Investment Facility (NIF), ~@ 5 million
loan by the European Investment Bank, as well as ~@ 5 million loan
and ~@1 million in technical cooperation grants by the EBRD. Phase
II, which will address other problems including water ingress to the
tunnel, has an indicative value of ~@ 15 million.
Apart from the metro rehabilitation, the EU is now finalising an
agreement on a water supply project involving different Armenian
municipalities through the NIF. The planned "Armenian Small
Municipalities Water Project" with a value of ~@ 20.8 million will
improve municipal water supply in selected municipalities (Tavush,
Lori, Shirak, Gegharkunik, Kotayk, Syunik municipalities and
Vayots Dzor province) and rehabilitate water treatment plants and
sewerage collectors in Dilijan and Jermuk. During their visit, the
representatives will also discuss possibilities for future projects
in other sectors.
From: A. Papazian
ARMENPRESS
NOVEMBER 8, 2010
YEREVAN
YEREVAN, OCTOBER 8, ARMENPRESS: On 8-9 November representatives of
the European Union will visit Armenia to start the implementation
of a project on the rehabilitation of the Yerevan metro and discuss
an agreement on a water supply and rehabilitation project with
municipalities in Armenia, press service of the EU representation in
Armenia reported.
The purpose of the metro rehabilitation project is to finance priority
capital investments to renovate the Yerevan metro system. The project
will focus on the most immediate safety upgrade and renovation needs,
including rolling stock upgrades, track improvements, power supply
refurbishment, pump replacement and a maintenance trolley among
others. The first phase of Yerevan Metro Rehabilitation project was
approved in March 2010, and is supported by a ~@ 5 million EU grant
through the EU Neighbourhood Investment Facility (NIF), ~@ 5 million
loan by the European Investment Bank, as well as ~@ 5 million loan
and ~@1 million in technical cooperation grants by the EBRD. Phase
II, which will address other problems including water ingress to the
tunnel, has an indicative value of ~@ 15 million.
Apart from the metro rehabilitation, the EU is now finalising an
agreement on a water supply project involving different Armenian
municipalities through the NIF. The planned "Armenian Small
Municipalities Water Project" with a value of ~@ 20.8 million will
improve municipal water supply in selected municipalities (Tavush,
Lori, Shirak, Gegharkunik, Kotayk, Syunik municipalities and
Vayots Dzor province) and rehabilitate water treatment plants and
sewerage collectors in Dilijan and Jermuk. During their visit, the
representatives will also discuss possibilities for future projects
in other sectors.
From: A. Papazian