YEREVAN, July 10. /ARКА/. At a meeting on Thursday, the Armenian government approved a proposal to sign a financial agreement with the European Investment Bank (EIB) “Armenia – Sustainable Syunik Program, Special Investment Window 1 EFSD+” for 50 million euros.
“In general, the program is divided into 2 parts – 25 million euros are planned to be provided for the improvement of the water supply system in about 55 settlements of the Syunik region, the remaining 25 million euros – for educational and healthcare components,” said RA Minister of Territorial Administration and Infrastructure David Khudatyan.
According to him, the government is also obliged to co-finance taxes, duties, and other operating costs related to the implementation of the program, which are not provided for by the loan.
The Minister said that the program will cover the improvement of infrastructure in polyclinics, outpatient clinics, vocational colleges in Kapan and Sisian, the construction and development of water supply infrastructure in populated areas, as well as the acquisition of medical equipment.
About the EIB in Armenia
The EIB has been cooperating with Armenia since 2010, operating in the country in line with the Eastern Partnership program of the European Neighborhood Policy and other bilateral agreements with the EU. Over the past decade, the Bank has financed a range of projects: from infrastructure and small businesses to water supply and wastewater treatment services. The EIB also finances the construction of cross-border communications to improve road safety and sustainability.
