ASIAN DEVELOPMENT BANK TO LEND $45 MILLION TO ARMENIA FOR WATER-SUPPLY SYSTEM MODERNIZATION IN RURAL AREAS
ARKA
March 11, 2008
YEREVAN, March 11. /ARKA/. Asian Development Bank is to lend $45
million to Armenia for water-supply and sewerage system modernization
in rural areas.
Constitutional Court of Armenia said at its Tuesday’s session that
the norms of the agreement between Armenia and the bank are in full
conformity with Armenian Constitution.
The program beneficiaries are residents of 16 towns and 125 villages
of the country.
Armenian Finance and Economy Ministry finds it reasonable to ratify
the agreement.
Justice Ministry thinks the same.
The credit agreement will take force after all necessary procedural
matters are settled and the document is ratified.