Consulting Contract Signed

CONSULTING CONTRACT SIGNED

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[04:30 pm] 20 February, 2009

The Millennium Challenge Account – Armenia SNCO announced the award
of a consulting contract to the joint venture consortium of GITEC
Consult GmbH (Germany) in association with HGSN Ltd (Armenia).

The consortium will provide consulting services for the design
solutions for rehabilitation of Ararat Valley Drainage System under
the MCA-Armenia Irrigated Agriculture Project Infrastructure Activity.

The contract was signed at the MCA-Armenia office on February 20, 2009
by Mr. Ara Hovsepyan, MCA-Armenia CEO and Mr. Wolfgang Jendrischewski,
Director of Water Resources and Sanitary Engineering Department of
GITEC Consult.

The contract includes analysis of the ecological situation, hydrology,
surface and subsurface horizontal drainage systems and wells in the
Ararat Valley, social and health assessment, as well as designer’s
field supervision.

The contract value is $998,243, and will last 31 months, including
17 months for design activities and 14 months for field supervision.