RosBusinessConsulting Database
April 6, 2004 Tuesday 1:54 am, EST

World Bank to finance restoration of water supply in Armenia

The Armenian government and the World Bank (WB) will sign a program
envisaging the provision of $20m for the restoration of water supply
systems in different regions of Armenia soon, Finance and Economy
Minister Vardan Khachatrian declared at a news briefing in Yerevan.
According to him, this will be the second WB loan for this industry.
The first loan of $35m has already been received. “In fact, the water
supply in the north of Armenia is financed by the German government,
and in the south (of Armenia) it is financed by the WB,” Khachatrian
pointed out. He added that the German government had already
allocated $35m to Armenia, the ARKA news agency reported.

According to preliminary estimates, in total, the restoration of
power supply in different regions of Armenia will cost EUR80m.