UAE TO LEND $10-MLN FOR ARPA-SEVAN TUNNEL RECONSTRUCTION
Russia & CIS Business and Financial Newswire
December 17, 2007 Monday 3:42 PM MSK
The United Arab Emirates (UAE) will provide Armenia with a $10
million loan for the reconstruction of the Arpa-Sevan tunnel, the
UAE presidential press service told Interfax.
The Arpa-Sevan tunnel reconstruction program is put at $25 million.
Additional repair work is already underway funded by the Armenian
state budget.
The Arpa-Sevan tunnel runs 48.3 kilometers and connects to the
hydraulic engineering systems located on the Vorotan River in Armenia.
An annual total of 165 million cubic meters of water will be funneled
through the tunnel to Sevan Lake from the Kechut resivoir. The water
supply is meant to raise the lake’s level and protect its ecological
balance.