Armenpress
WORLD BANK RELEASES $20 MILLION CREDIT TO ARMENIA FOR WATER SUPPLIES
IMPROVEMENT
YEREVAN, APRIL 15, ARMENPRESS: Armenian finance minister Vartan
Khachatrian and World Bank Resident Representative Roger Robinson signed
today a $20 million credit program. The Bank will make the credit available
for the government to help it further improve water supply and waste water
removal system in Yerevan.
A press release by the ministry said the loan will be used to provide the
households in the capital city with safe and continued water supplies and to
reduce ecological pollution. This is the third such credit to the
government.
The ministry said the government plans a wider involvement of the private
sector in the implementation of the project and will announce a tender to
select an operator for Yerevan water and sewage company.
Since 1992 the World Bank has given Armenia around $860 million worth
credits through its International Development Association.