ArmInfo. The European Bank for Reconstruction and Development (EBRD) has provided loan funds to implement two major programs to improve water supply in Yerevan and the regions of Armenia. This was stated during the meeting of the President The State Committee for Water Resources of the Republic of Armenia Arsen Harutyunyan and the newly appointed director of the Yerevan office of the EBRD Dmitry Gvindadze.
According to the press service of the State Committee, in the framework of the investment program, the total cost of which is 80 million euros - the EBRD's loan participation will amount to 30 million euros. This program will be implemented in 126 most needy communities in 9 regions of Armenia, within the framework of which water supply, drainage networks, reconstruction and modernization of wastewater treatment facilities are envisaged.
According to the source, the second program is aimed at improving water supply in Yerevan and provides for restoration of the water supply network, including replacement of new water pipes and pumps, individual connections and installation of water meters (water meters). The total cost of the program is estimated at $ 21 million, the EBRD's share is $ 7 million.
Harutyunyan noted that with the assistance of the Bank, a number of programs were implemented in Armenia, of which two have already been completed. According to him, thanks to the implementation of one of them, the water supply system in Tavush, Lori, Shirak, Kotayk, Syunik and Vayots Dzor provinces was improved, and sewage treatment plants in Tavush and Vayots Dzor regions are to be built. "This three- year program is an indicator of the effectiveness of cooperation between us," he stressed.
In turn, Gvindadze noted that he was pleased with the results of the implemented programs, and I am glad that I took the post in Yerevan, because I know the region. "I believe that the implementation of the current programs will make tangible changes in Armenia," he concluded.
EBRD is an institutional investor in Armenia. Since the launch of the EBRD in Armenia, in particular since 1992, over 1.13 billion euros have been invested in the implementation of 157 programs in the financial, corporate, infrastructure, and energy sectors. Moreover, 88% of these investments were directed to the development of private entrepreneurship.