ArmenPress
Feb 24 2005

WORLD BANK TO CONSIDER HEATING SYSTEM RESTORATION LOAN PROGRAM FOR
ARMENIA

YEREVAN, FEBRUARY 24, ARMENPRESS: World Bank Board of Directors
will consider later this year a credit program for Armenia which it
wants to develop urban heat transmitting system. Armenia expects to
receive a $15 million credit to be utilized for restoration of
heating systems of schools and block of flats.
The Armenian government adopted in 2002 a strategy for restoration
of urban heating systems, a subsequent agreement between the
government and World Bank was signed making available a $1 million
advance payment. for testing several pilots projects before getting
down to implementation of the major program.

From: Emil Lazarian | Ararat NewsPress