ASIAN BANK TO PROVIDE 66 MILLION DOLLAR CREDIT TO ARMENIA

YEREVAN, MARCH 9, NOYAN TAPAN. The Asian Bank’s Board of Directorts
will, in all likelihhod, approve a 66 mln dollar credit program and a 2
mln dollar grant program for Armenia. The RA Minister of Finance and
Economy Vardan Khachatrian told reporters on March 9 that 30 mln
dollars of the credit will be allocated for repairs of roads of 230 km,
while 36 mln dollars and the grant – for improvement of the driniking
water system. V. Khachatrian said that for the first time the European
Bank for Construction and Development will provide an environmental
protection credit of 14.5 mln USD, which will mainly be used to build
cleaning stations on rivers flowing into Lake Sevan.