Armenia`s Urban Development Committee, ADB and South Korean Ministry  of Economy and Finance launching a project to advance energy  efficiency of buildings 

ArmInfo.Armenia's Urban Development Committee, the Asian Development Bank (ADB) and the South  Korean Ministry of Economy and Finance are launching the Armenia Green Urbanization Project to advance energy efficiency in buildings. 

The launch of the program was marked by the signing of a trilateral  memorandum of understanding, as reported by the press service of the  Urban Development Committee. 

According to the source, the Korean Eximbank will provide a  $300,000  grant for the implementation of the project under the Knowledge  Transfer program. Additionally, Korean  experts  will be involved  to  study the  green urban development in Armenia, identify existing  energy efficiency issues in buildings, highlight areas for  improvement, and provide practical proposals. Based on the study  results, a comprehensive report will be prepared. 

The Committee reported that the signing of the memorandum was  followed by discussions with representatives from the Ministries of  Environment, Territorial Administration and Infrastructure of  Armenia. The main activities envisaged within the framework of the  program were presented. In particular, it is planned to conduct a  comprehensive assessment of Armenia's green construction sector,  analyze the current legislative and regulatory documents.