FRENCH GOVERNMENT TO PROVIDE 24.9 MILLION EURO CREDIT FOR IMPROVEMENT
OF WATER SUPPLY IN YEREVAN
YEREVAN, MAY 27, NOYAN TAPAN. The French government will provide a
credit of 24.9 mln euros for improvement of water supply in Yerevan.
The protocol on provision of this credit was signed by the Armenian
minister of finance Tigran Davtian and the French ambassador to Armenia
Serge Smessov on May 27.
The indicated sum will be spent on implementation of the program on
drinking water system’s improvement and cleaning program in Yerevan.
The program includes work on restoration of Aeratsia water treatment
station, partial restoration of the drinking water ntework and
improvement of water supply through the use of electromechanical and
hydraulic equipment. This part of the program envisages laying of new
tubes, extending the network and connection of new water pipes. 500
thousand euros of the envisaged sum is allocated as a grant for
technical assistance to be provided the French company – the manager of
Yerevan Water company. The credit is given at 1.75% annual interest
rate and to be repaid in 20 years, with a 5-year grace period.
According to T. Davtian, the program will be implemented with fixed
financing. In addition to the indicated sum, 2.4 mln euros will be
allocated by the Armenian government.
Ambassador Smessov said that they will appoint a French advisor to
follow the program’s implementation. "We are glad to take an efficient
part in the process of improving the drinking water supply in Armenia,"
S. Smessov stated.