ARMENIAN WATER INDUSTRY TO BE HANDED TO PRIVATE OPERATOR

YEREVAN, APRIL 12, ARMENPRESS: The government of Armenia and WorldBank
have concluded negotiations on a fresh credit for handing Armenia’s water
industry (supply of drinking water and sewage network) over to a
private operator, which will be required to restore the entire system.
World Bank Board of Director is expected to consider the $26 million
worth project in May, which is supposed to start in September. The
government has committed to release $3 million from its budget to
support the project. According to Adibek Ghazarian, the head of the
project implementing office, the ultimate goal of the 6 year-long
project is to secure round theclock water supply across the country
and reduction of losses. Ghazarian said a relevant tender will be
announced soon.