"ARMENIAN WATER AND SEWERAGE" TO RENEW AGREEMENTS

Aysor
Sept 15 2009
Armenia

"By the time of investments’ ending when we are able to prevent illegal
consumption of water, the water loss will be stopped," said General
Director of "Armenian Water and Sewerage" Closed Joint-Stock Company,
Patrick Lorin. He noted that people steal water, and at the same time
water supply system is in a poor condition.

According to Mr. Lorin, Armenian Water and Sewerage Company is renewing
concluding agreements with residents. In the framework of this process
ex-holders can specify and pay their debts.

Mr. Lorin presented this year’s sources of crediting and
financing. These are World Bank, Asian Development Bank, European
Bank for Reconstruction and Development. According to Mr. Lorin,
the World Bank provided $ 26 million, Asian Development Bank – $
46 million and the EBRD – $ 20 million.

"Of course, Armenia’s government has also provided a certain amount,"
Patrick Lorin told.

"With funding from World Bank, we have already implemented the
first lending program. The second program which includes purchase of
equipment for the company as well as improving the water supply in
town of Razdan will start this year."

According to General Director of Armenian Water and Sewerage Company,
thanks to lending programs many water utilities have been repaired. And