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    Emil Lazarian
  • 17 years ago
    • Categories: News

ArmRosGazprom received 50 million loan from KfW

ArmRosGazprom received 50 million loan from KfW
13.06.2009 17:05 GMT+04:00

/PanARMENIAN.Net/ On June 10, 2009, ArmRosGazprom CJSC and KfW
Development Bank (Germany) signed a long-term loan agreement. The
credit sum totals 50 million Euros; the allocations will be made in US
Dollars, the company’s press service reports.
According to the company’s release, the loan program aims at the
reconstruction and development of Armenia’s gas-transport and gas
distribution systems.
ArmRosGazprom CJSC plans to realize a number of projects aimed at
developing Armenia’s gas-transport system and increasing security and
gas supply. Such goals will be achieved through the construction,
reconstruction, repairs, restoration and modernization of Armenia’s
gas transport network (including the underground gas reserve in
Abovyan), as well as the installation of individual indicating devices
and emergency valves in the gas distribution system.

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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