ArmInfo. German KfW Development Bank will provide Armenia with 3 million euros to improve the field of water management. According to the press service of the Ministry of Finance of Armenia, on July 19, 2 agreements with a budget of 3 million EUR were signed with a representative of the Bank in the financial department.
Within the framework of the first agreement, a budget of 300 thousand euros will be allocated to finance the implementation of expert services for the assessment of social environmental impact (EIA) under the Integrated Water Resources Management / Akhuryan River, Phase 1 program.
According to the second agreement, 2.7 million euros will be allocated to finance the accompanying activities of the Integrated Water Resources Management / Akhuryan River, Phase 2 program, and the costs of foreign currency exchange are paid.
To recall, earlier KfW Bank provided Armenia with a loan of 50 million euros and a grant of 2 million euros for the implementation of the Kaps reservoir modernization program on the Akhuryan River. Financial resources will be spent on restoring the Kaps reservoir and re-equipping its infrastructure. In particular, funds were allocated for the completion of works on the reconstruction of a reservoir of 25 million cubic meters on the Akhuryan River, which will make it possible to use this resource exclusively for irrigation purposes.
On June 20, the Armenian government also approved an agreement with KfW to provide a grant of 2.7 million euros for the development of documentation for the restoration of the Kaps reservoir. Then, presenting the draft decision, Minister of Territorial Administration and Infrastructures of the Republic of Armenia Suren Papikyan noted that under the agreement KfW would provide Armenia with a loan of 18.5 million euros for the restoration of the Kaps reservoir, the volumes of which will be brought to 25 million cubic meters.
It is also planned to modernize Kumayri Water Channel, through which water from the reservoir will be supplied and due to which additional irrigation will be possible for 740 hectares of agricultural land.