YEREVAN, July 10. /ARKA/. The Armenian government approved a $6 million grant agreement between the Republic of Armenia and the Asian Development Bank (ADB) on a seismic safety improvement program at a meeting on Thursday.
According to the rationale for the decision, the $3 million grant agreement (with co-financing from the Armenian government in the amount of another $3 million) will result in the reconstruction of the Voskehat village secondary school in the Armavir region, the development of a guidebook for the preservation of the school building, retraining of administrative staff of 56 schools on the application of this guidebook, a study tour to Japan to gain knowledge in the field of seismic disaster management, engineering and sustainable urban development, as well as the development and implementation of programs to raise awareness of seismic risks and response measures for 200,000 students aged 10 to 19.
Also, by the government decree, the Territorial Development Fund of Armenia was allocated 19.8 million drams to finance the design and estimate work for the reconstruction of the secondary school in the village of Voskehat.
About the Asian Development Bank
Since 2005, ADB has provided assistance to Armenia in the amount of $1.9 billion, being one of the country’s largest multilateral partners in development programs. These include projects in the fields of transport, energy, water supply and urban infrastructure, and in the private sector, ADB supports utilities and infrastructure, financial institutions and agribusiness.
