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EBRD LENDS ARMENIA 5.4 MLN EUROS TO UPGRADE WATER SUPPLY SYSTEM
Interfax, Russia
July 22 2013
YEREVAN. July 22
The European Bank for Reconstruction and Development has lent Armenia
5.4 million euros for the modernization of the water supply system
in Yerevan, the government's press service said.
The loan agreement was signed Friday by EBRD president Suma Chakrabarti
and Armenian Prime Minister Tigran Sarkisian.
The loan program is being implemented by Yerevan Djur, which is owned
by France's Veolia Environnement SA. The money will be used to restore
worn out parts of the water distribution network, and replace pipelines
and meters.
The EBRD has lent Armenia 620 million euros since it started working
with the country in 1992. Half of this - 310 million euros - went into
the banking sector, 25% into transportation, 15% into energy and 10%
into municipal projects.
Vp ak
Interfax, Russia
July 22 2013
YEREVAN. July 22
The European Bank for Reconstruction and Development has lent Armenia
5.4 million euros for the modernization of the water supply system
in Yerevan, the government's press service said.
The loan agreement was signed Friday by EBRD president Suma Chakrabarti
and Armenian Prime Minister Tigran Sarkisian.
The loan program is being implemented by Yerevan Djur, which is owned
by France's Veolia Environnement SA. The money will be used to restore
worn out parts of the water distribution network, and replace pipelines
and meters.
The EBRD has lent Armenia 620 million euros since it started working
with the country in 1992. Half of this - 310 million euros - went into
the banking sector, 25% into transportation, 15% into energy and 10%
into municipal projects.
Vp ak