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Prime Minister Hovik Abrahamyan received a delegation led by the Vice President of the European Investment Bank, László Baranyay, on 16 October 2015.
Welcoming the guests, the Prime Minister stressed that the EU has been and remaines one of the most important partners of Armenia. He welcomed the fact that on 12 October the EU Council gave a mandate to the European Commission and the EU High Commissioner to start negotiations on forming a new legal framework for EU-Armenia relations, which would help to upgrade EU-Armenia cooperation.
Abrahamyan expressed a high opinion of the Armenian government’s cooperation with the EIB and the joint projects implemented in power engineering, transport communications, road rehabilitation, water infrastructure, and other sectors.
ARS_3912The EIB Vice-President said he was honoured to visit Armenia, see the results of the previously implemented projects and ongoing programmes, and discuss the prospects of future projects. Baranyay was greatly impressed with the performance of the projects in Armenia, and assured those present that the EIB was ready to continue assisting the country in both technical and financial matters.
Welcoming the Prime Minister’s proposal to continue cooperation infrastructure development, Baranyay said that there was a need to increase funding, and that the EIB was ready to increase the amount of assistance required. Priority projects identified were road network improvement, water infrastructure, water management facilities, and education.
Abrahamyan stated that the Armenian government would ensure that all the agreements reached would be implemented. In conclusion, the interlocutors reaffirmed their willingness to build on the ongoing effective cooperation. The Prime Minister’s meeting with the EIB Vice President was followed by signing ceremony for cooperation agreements.
The parties first signed a €8 million financial agreement on “Yerevan Solid Waste Management: Stage 1”. The document was signed by Minister of Finance of the Republic of Armenia, Gagik Khachatryan, and the EIB Vice President, László Baranyay. The contract features three components aimed at improving the system of solid waste management in Yerevan.
ARS_3990A memorandum of understanding was signed next between the Government of Armenia, the Yerevan Mayor’s Office, the European Union and the EIB on cooperation on the management of solid waste.
The document was signed by the Minister of Territorial Administration and Emergency Situations, Armen Yeritsyan, the Mayor of Yerevan, Taron Margaryan, the Head of EU Delegation to Armenia, Ambassador Piotr Switalski, and the EIB Vice President, László Baranyay.
Minister of Transport and Communication Gagik Beglaryan, Minister of Finance Gagik Khachatryan and EIB Vice President László Baranyay signed a declaration of intent on the investment programme for the rehabilitation and improvement of the M6 Vanadzor-Alaverdi-Georgian border highway. The signatories reaffirmed their interest in and readiness to implement this modernisation programme which will rehabilitate a 60km-long stretch of motorway from Vanadzor to Bagratashen.