Thursday, September 19 2019 19:13
Alina Hovhannisyan

Construction process of Vedi reservoir discussed in the office of  Deputy Prime Minister Avinyan 

Construction process of Vedi reservoir discussed in the office of  Deputy Prime Minister Avinyan 

ArmInfo. Deputy Prime Minister Tigran Avinyan held a meeting with the Ambassador  Extraordinary and Plenipotentiary of France to the Republic of  Armenia Jonathan Lacote and the delegation of the French Development  Agency ( AFD), headed by the head of the Caucasus region office  Gaelle Assayag.

According to the press service of the government, the Deputy Prime  Minister praised the consistent strengthening of the Armenian-French  privileged relations in various fields. In turn, Ambassador Lacote  emphasized the importance of established effective cooperation with  the office of the Deputy Prime Minister.

The interlocutors discussed current issues related to the  construction of the Vedi reservoir. According to the report, the  construction is carried out in cooperation with the AFD within the  framework of the loan agreement and is the largest project of the  agency in Armenia. It should be noted that in January 2016, a loan  agreement worth 75 million EUR was signed between Armenia and the  French Development Agency for the construction of the Vedi reservoir.  The document was signed on the basis of the strategic program for the  long-term development of Armenia for 2014-2025. The loan is provided  for a period of 20 years with a six-year grace period. The  construction of the dam and supporting infrastructures is scheduled  for completion in March 2021. 

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