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The Fund `Millennium Challenges-Armenia' expects to get $19.9 million
in the 2nd half of 2011
YEREVAN, March 12. /ARKA/. The Fund `Millennium Challenges-Armenia'
expects to get $19.9 million from corporation `Millennium Challenges'
in the 2nd half of 2011.
Relevant application to be submitted to the corporation was approved
in the board meeting of the Fund headed by the prime minister of
Armenia Tigran Sargsyan.
According to the documents attached to the application, $19.5 million
of the total amount will be allocated to the activities implemented in
the frames of sub-program `Irrigative agriculture' and the remaining
part for monitoring, assessment, control and management expenses of
the program.
The Board discussed and approved also extension of the deadline of the
agreement by the first package on rehabilitated water canals in the
frames of the component `Irrigation infrastructures'.
Deadline of the agreement on the conduction of qualified analysis on
the main components of the program of the Fund was also prolonged.
Board members presented information on the repair of the dam
rehabilitated by pump-station `Noyemberyan-1' and on the process of
approving the package of legal acts and changes ensuing from the
development of irrigation strategy component of the program `Water to
Market'.
The program of American corporation `Millennium Challenges' started on
September 29, 2006 in Armenia. According to the agreement signed on
March 2, 2006, 235 million US dollars was allocated to the Government
of Armenia for 5 years.
The grant was envisaged for the reduction of poverty level in rural
areas in Armenia, rehabilitation of rural roads and irrigation
systems. --0--
From: A. Papazian
in the 2nd half of 2011
YEREVAN, March 12. /ARKA/. The Fund `Millennium Challenges-Armenia'
expects to get $19.9 million from corporation `Millennium Challenges'
in the 2nd half of 2011.
Relevant application to be submitted to the corporation was approved
in the board meeting of the Fund headed by the prime minister of
Armenia Tigran Sargsyan.
According to the documents attached to the application, $19.5 million
of the total amount will be allocated to the activities implemented in
the frames of sub-program `Irrigative agriculture' and the remaining
part for monitoring, assessment, control and management expenses of
the program.
The Board discussed and approved also extension of the deadline of the
agreement by the first package on rehabilitated water canals in the
frames of the component `Irrigation infrastructures'.
Deadline of the agreement on the conduction of qualified analysis on
the main components of the program of the Fund was also prolonged.
Board members presented information on the repair of the dam
rehabilitated by pump-station `Noyemberyan-1' and on the process of
approving the package of legal acts and changes ensuing from the
development of irrigation strategy component of the program `Water to
Market'.
The program of American corporation `Millennium Challenges' started on
September 29, 2006 in Armenia. According to the agreement signed on
March 2, 2006, 235 million US dollars was allocated to the Government
of Armenia for 5 years.
The grant was envisaged for the reduction of poverty level in rural
areas in Armenia, rehabilitation of rural roads and irrigation
systems. --0--
From: A. Papazian