MILLENNIUM CHALLENGE ARMENIA TO LAUNCH LARGE-SCALE CONSTRUCTION PROJECT BY LATE 2008
ARKA
Sep 18, 2008
YEREVAN, September 18. /ARKA/. The Millennium Challenge Account
(MCA) Armenia will announce the launch of large-scale construction,
said MCA Executive Ara Hovsepyan.
The project will kick off next season after MCA finishes the Rural
Road Rehabilitation and Irrigated Agriculture programs.
Hovsepyan pointed out the fund’s regular activities in the past
two years.
"This August we put into operation irrigation systems in Abovyan,
Arevshat, Lanjarat and Griboedov communities. The 4.5km long system
will supply these four communities with water," the MCA Executive
was quoted saying.
MCA also plans to finish reconstruction of the 2.5km long Getap-Agi
road.
The RA Government has signed an agreement on allocating $50mln for
reconstruction of rural roads (with a total length of 300km).
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 U.S. Millennium Challenge Corporation and
the RA Government.
on March 27, 2006 the Millennium Challenge Corporation signed a
five-year, $235.65 million Compact with the Government of Armenia. The
Compact is focused on one goal: the reduction of rural poverty
through a sustainable increase in the economic performance of the
agricultu ral sector. Armenia plans to achieve this goal through a
five-year program of strategic investments in rural roads, irrigation
infrastructure and technical and financial assistance to improve the
supply of water and to support farmers and agribusinesses.
On September 29, 2006 the Compact officially entered into force.