Armenia signed an agreement in the sidelines of community water supply program.
Economy
A 15-million USD loan agreement has been signed today between Armenia and International Bank for Reconstruction and Development. The agreement has been signed in the sidelines of community water supply program. Press office of the Ministry of Finance informed that the agreement was signed by the Minister of Finance Vache Gabrielyan and Jean-Michel Happi, the World Bank Country Manager for Armenia.
The loan will be transferred to the "Water Sewage" company to improve the water supply in a number of territories. Within the framework of the program the water supply networks of Ashtarak, Masis, Etchmiatsin towns and nearby settlements will be restored. The loan is being provided with 25 year term, of which 10 with privileged conditions.
The program is intended to be accomplished in June 30, 2015.


















































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