ERBD TO LOAN ARMENIA EURO 3.5 MILLION FOR HRAZDAN SOLID WASTE LANDFILL

15:29, December 19, 2014

The European Bank for Reconstruction and Development (EBRD) today
signed a EURO 3.5 million loan deal with Armenia to finance the
construction of the country’s first European Union (EU) compliant
solid waste landfill.

The new landfill, to be located in the city of Hrazdan in Kotayk
Province and managed by eight participating municipalities – Hrazdan,
Abovyan, Charentsavan, Tsakhkadzor, Byureghavan, Yeghvard, Nor Hatchn
and Sevan – will operate as a commercially sustainable unit with
modern solid waste management systems, covering the collection and
disposal of municipal solid waste.

This will provide major environmental and social benefits for some
215,000 people in the area covered by the facility, according to
the ERBD.

The loan is complemented by a EURO 3.5 million capital grant provided
by the European Union Neighbourhood Facility.