MCA-ARMENIA SIGNS CONTRACT WITH JRTUK LLC, JRARBI LLC AND JINJ LLC JOINT VENTURE

ARMENPRESS
Feb 4, 2008

YEREVAN, FEBRUARY 4, ARMENPRESS: Millennium Challenge Account –
Armenia SNCO announced the award of a consulting contract to the
Joint Venture of "Jrtuk", "Jrarbi" and "Jinj" LLCs for the design and
construction supervision of 8 gravity irrigation systems as part of
the MCA-Armenia Irrigated Agriculture Project infrastructure activity.

The contract was signed by MCA-Armenia CEO and the directors of
"Jrtuk", "Jrarbi" and "Jinj" LLCs.

This contract will focus on the economic justification and feasibility
of constructing eight gravity irrigation systems, effectively replacing
up to 21 deteriorated and inefficient Soviet-era pumping stations. The
construction of eight gravity irrigation systems will provide a stable
water supply to approximately 8,800 hectares of farmland in 41 rural
communities throughout Shirak, Tavush, Gegharkunik and Lori marzes.

The eight gravity schemes are: Kaps, Mantash and Tavshut (Shirak
marz); Getahovit-Lusadzor and Berd (Tavush marz); Vardenis and Argichi
(Gegharkunik marz); and Amrakits (Lori marz).

The consultant will also prepare the designs for the 8 gravity
irrigation systems and supervise the construction works. The contract
value in AMD is equivalent to USD 955,200, spanning a period of
39-months.

Millennium Challenge Account-Armenia (MCA-Armenia), a State Non
Commercial Organization established by the Government of Armenia,
is responsible for overseeing the transparent implementation of the
Compact signed between the Millennium Challenge Corporation and the
Government of Armenia.