EIB sees need for expanding cooperation with Armenia`s Ministry of  Territorial Administration and Infrastructure

ArmInfo.  Newly appointed  Minister of Territorial Administration and Infrastructure of Armenia  David Khudatyan held a meeting with the head of the European  Investment Bank (EIB) office in the South Caucasus Maciej Czura. 

As reported by the press service of the Ministry of Territorial  Administration and Infrastructure, the Minister expressed readiness  to continue cooperation with the Bank, since, as he noted, the  jointly implemented programs are extremely important for the  department.

In this regard, the regional head of the EIB emphasized the need to  deepen bilateral cooperation.  The parties discussed the progress of  the implementation of joint programs.

The European Investment Bank is a public financial and credit  institution of the European Union for financing the development of  backward European regions in the form of long-term loans. It was  established in 1958 with the aim of providing loans for the  construction and reconstruction of objects that are of interest to  countries. Currently, the Bank operates not only in the EU Member  States, but also in more than 160 countries. 

As stated on the website, the EIB operates in Armenia in accordance  with the European Neighbourhood Policy (ENP), the Eastern Partnership  (EaP) and other bilateral EU agreements. Over the past decade, the  Bank has provided financing for a wide range of projects: from  infrastructure and small businesses to water supply and wastewater  treatment services. Over the past period, the EIB has financed 210  projects for approximately 640 million euros. The EIB operates in  Armenia mainly in the fields of energy, transport, road construction,  water supply, solid waste management and the environment.