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Armenian national assembly ratifies €6.5-million loan agreement with EBRD

08.12.2011 21:23

Armenian national assembly ratifies €6.5-million loan agreement with EBRD

YEREVAN, December 8. /ARKA/. On Thursday, Armenian National Assembly ratified a €6.5-million loan agreement with European Bank for Reconstruction and Development.

This money is intended for rehabilitation of water infrastructures in Armenia’s provinces.

“The agreement has been signed as part of a €20-million program,” Andranik Anreasyan, head of the state water committee affiliated to the territorial administration ministry, said at that parliamentary session. “Of this amount, €7 million was provided by European Union as grant, and another €6.5 million will be transferred by European Investment Bank soon.”

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