Wednesday, April 8 2020 15:25
Alexandr Avanesov

Armenian government discusses implementation of a number of loan  programs 

Armenian government discusses implementation of a number of loan  programs 

ArmInfo.Chaired by RA Prime Minister Nikol Pashinyan a consultative meeting was held to discuss issues related to the implementation of credit programs in the fields  of tourism and waste management.  

As  the press service of the PM reports, under the tourism and  infrastructure development program, the credit value of which is $ 55  million, from 2016 to this day, $ 6 million has been spent. It is  planned that in the framework of the program in 2020 another $ 4  million will be invested. In particular, in the regions of Ararat,  Vayots Dzor, Syunik, Aragatsotn, Shirak, Kotayk, Gegharkunik and  Armavir, work will be done to improve tourist infrastructures, in  particular, work on zoning tourism, repairing roads, and restoring  historic sites.  

Then, the meeting participants discussed the possibility of  implementing programs in Gyumri and Jermuk, the design work on which  has already been completed.  It is envisaged that these programs will  be implemented on the basis of public-private partnerships. The  process of implementing a community infrastructure development loan  program was also presented.

Then, the head of government was presented with the progress in  implementing the solid waste management loan program. In particular,  it was noted that within the framework of this program, it is planned  to build a new landfill in the neighborhood of the existing waste  dump in Nubarashen in Yerevan and to conserve 2 non-functioning  landfills in the capital.  Currently, a process is underway to  organize a tender for the selection of a project contractor. Within  the framework of the same program, work was carried out on the  construction of a landfill for residents of Kotayk and Gegharkunik  regions. 

Summing up the meeting, the Prime Minister noted that Armenia still  had a chronic practice of under- fulfilling capital expenditures.   <Especially this year, under-fulfilling capital expenditures  are  unacceptable.  We need to accurately forecast  the expenditure  segment so that the funds which will  be impossible to  spend will be  used to implement other programs " , said Nikol Pashinyan,  emphasizing the importance of implementing these projects, especially  from the point of view of solving social problems

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