ARMENIA’S CAPITAL GETS WATER LOAN FROM EBRD FOR INFRASTRUCTURE

Bloomberg / Business Week
July 19 2013

By Randall Hackley

The Armenian capital of Yerevan is getting a water-supply and
network infrastructure improvement loan from the European Bank for
Reconstruction and Development.

The EBRD said 5.4 million euros ($7.1 million) in financing will
allow Yerevan Djur CJSC, a unit of Europe’s largest water company
Veolia Environnement (VIE), to implement project upgrades including
pipe replacements and reduce water losses in the city of 1.1 million
residents. Yerevan Djur will also install new water meters for
households, the bank said today in a statement.