YEREVAN, October 15. /ARKA/. Armenia will allocate approximately €7.4 million for additional water infrastructure works, and the availability period for the European Investment Bank (EIB) loan has been extended. A decision to this effect was adopted on Thursday at a meeting of the Government of the Republic of Armenia.
The government approved a proposal to sign a letter of agreement amending the “Municipal Water Sector Infrastructure” financial agreement concluded between the Republic of Armenia and the EIB.
The amendments provide for extending the final availability period of the EIB loan funds until December 30, 2027. Deadlines for submitting information and reports related to the implementation of the “Armenia Water Supply and Wastewater Infrastructure” program will also be adjusted.
The program aims to improve water supply and wastewater systems in 11 cities and 49 communities across seven regions of the country: Shirak, Lori, Armavir, Gegharkunik, Kotayk, Vayots Dzor, and Syunik.
In addition, the program includes plans for further construction work in nine communities within the regions covered by the project. The total cost of these works will be approximately €7.4 million.
