Monday, July 27 2020 16:54
Alina Hovhannisyan

EDB to allocate $ 40 million to modernize irrigation systems in  Armenia

EDB to allocate $ 40 million to modernize irrigation systems in  Armenia

ArmInfo. On credits under the Eurasian Development Bank (EDB), the Territorial Development Fund will implement a program to modernize irrigation systems.

According to the press service of the Fund, the total cost of the  program is $ 50 million, of which $ 40 million are loans from the  EDB, and $ 10 million is co-financing from the state. The main goals  of the program are to introduce gravity irrigation systems, instead  of mechanical ones, to reconstruct the main and inter-farm canals,  on-farm irrigation systems, etc.

It is expected that as a result of the successful implementation of  the program, it will be possible to save 11.8 million kWh of  electricity in Armenia annually, operating costs will be reduced by  300 million drams per year, the area of irrigated land will increase  by 10.5 thousand hectares, 8 pumping stations will come out of  operation, 64.2 km of canals will be restored, and the length of  on-farm irrigation networks will reach 259.1 km.

The program for the modernization of irrigation systems is being  implemented in Ararat, Armavir, Vayots Dzor, Kotayk, Aragatsotn,  Gegharkunik and Syunik regions, as well as in Yerevan. The number of  beneficiaries of the program exceeds 115 thousand.

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10 billion

Volume of T-bills for placement

200 million

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200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

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The maturity date of T-bills

03.02.2020

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