Improving Yerevan’s water supply infrastructure | EUNewsletter

Improving Yerevan’s water supply infrastructure

29 July 2013
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Yerevan’s water supply is going to be improved through financial support from the European Union – a EU grant of €5.5 million and a loan from the European Bank for Reconstruction and Development (EBRD) amounting to €5.4 million. The official signing of the project, which took place on 19 July 2013, was hosted by the Prime Minister of the Republic of Armenia, Tigran Sargsyan.
During the ceremony, Yerevan Mayor Taron Margaryan and EBRD President Suma Chakrabarti signed a credit agreement on water supply improvement in Yerevan. ‘This project is important for the city of Yerevan. A reliable water supply is a fundamental need for households,’ said Chakrabarti.
At the same time, an agreement on improving Yerevan’s water supply infrastructure was signed by Armenian Minister of Finance David Sargsyan and EBRD President Suma Chakrabarti. The other signatory to the agreements was “Yerevan Djur” CJSC, the operator of the Yerevan’s water system and the project implementer.

The funds will be used to repair severely deteriorated sections of the water distribution network, replace water supply network pipes, and install new water metres for households. The investment will reduce water loss and costs, and will improve the reliability of 24-hour water availability in all the targeted districts and water tariff collection.

The European Union, through its Neighbourhood Investment Facility, will provide grant funds of €5.5 million. In addition to EBRD loan financing, the European Investment Bank is considering a loan equivalent of €5.4 million.

Improving Yerevan’s water supply infrastructure

Yerevan’s water supply is going to be improved through financial support from the European Union – a EU grant of €5.5 million and a loan from the European Bank for Reconstruction and Development (EBRD) amounting to €5.4 million. The official signing of the project, which took place on 19 July 2013, was hosted by the Prime Minister of the Republic of Armenia, Tigran Sargsyan. During the ceremony, Yerevan Mayor Taron Margaryan and EBRD President Suma Chakrabarti signed a credit agreement on water supply improvement in Yerevan. ‘This project is important for the city of Yerevan. A reliable water supply is a fundamental need for households,’ said Chakrabarti. At the same time, an agreement on improving Yerevan’s water supply infrastructure was signed by Armenian Minister of Finance David Sargsyan and EBRD President Suma Chakrabarti. The other signatory to the agreements was "Yerevan Djur" CJSC, the operator of the Yerevan’s water system and the project implementer. The funds will be used to repair severely deteriorated sections of the water distribution network, replace water supply network pipes, and install new water metres for households. The investment will reduce water loss and costs, and will improve the reliability of 24-hour water availability in all the targeted districts and water tariff collection. The European Union, through its Neighbourhood Investment Facility, will provide grant funds of €5.5 million. In addition to EBRD loan financing, the European Investment Bank is considering a loan equivalent of €5.4 million.