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Official

The First Loan for Community and Environmental Infrastructures

26.04.2007

The Loan Agreement on Lake Sevan Environmental Project was signed between the RA Government and European Bank for Reconstruction and Development.
The First Loan for Community and Environmental Infrastructures will be directed towards the improvement of collecting and scavenging waste water services in five urban communities situated in the outskirts of Lake Sevan.
The Project of 7 million EUR, which will be finished in October 2010, consists of the following parts:
- Construction of waste water scavenging station in Gavar.
- Construction of aeration stations of waste water in Vardenis and Martuni.
- Improvement of waste water net in Gavar, Vardenis, Martuni, Jermuk and Sevan.
- Technical co-operation for implementation of the processing of documents necessary for draft and competition.
European Union, which organizes the provision of technical cooperation means on loan conditions, will support the realization of the second and third parts of the Project on the principle of co-financing of 5 million EURO.
Division of Public Relations of the RA Ministry of Territorial Administration

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