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EBRD lends €6.5 million to Armenia to help improve water supply and wastewater services

19.07.2011 21:18

EBRD lends €6.5 million to Armenia to help improve water supply and wastewater services

YEREVAN, July 19. / ARKA /. The European Bank for Reconstruction and Development (EBRD) is lending €6.5 million as a sovereign loan to the Republic of Armenia to improve water supply and wastewater services in 17 municipalities across Armenia, EBRD said today in a statement.

The funds will be on-lent to the state-owned Armenian Water and Sewerage Company (AWSC) to finance the rehabilitation of water and wastewater networks. In addition, the company will complete the construction of two wastewater treatment plants.

The project will significantly reduce water leakages and improve drinking water availability for approximately 300,000 residents. In addition to the EBRD’s funding, the European Union Neighbourhood Investment Facility will provide a €7 million grant to implement further capital investments.

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