YEREVAN, July 9. / ARKA /. Yerevan Jur (Yerevan Water) company managing Yerevan's water distribution network, plans to re-submit an application for managing the utility in 2016, when its contractual term terminates, the company’s chief executive office, Gor Grigoryan, told a news conference today.
Yerevan Jur is run by French Generale des Eaux that won an international tender announced by World Bank to take up a 10 year -term management of the Yerevan network in 2006
According to Gor Vardanyan, the company is now making a small profit, which other companies will be unable to do, especially give the current low prices of water supply to the capital.
At today’s meeting Armenian Public Services Regulatory Commission (PSRC) has ruled to leave unchanged drinking water prices for households in Yerevan and nearby rural communities for this and next years at 170.256 drams for a cubic meter of water, including VAT.
According to Yerevan Jur’s representatives, the modernization of the water supply system in Yerevan will cost approximately $600 million, because the facility has not seen a major repair in many years.
In 2006-2014 Yerevan Jur has invested about $ 45 million in upgrading the system. Of that amount $20 million were provided in 2006 under a joint World Bank ($18 million) and the government of Armenia ($2 million) project. The remaining money came from the company’s own means.
According to the company’s plan, by 2016 some 97% of Yerevan homes will be provided with round the clock water supply.
Yerevan Jur manages also drinking and waste water removal systems in Ararat, Aragatsotn and Kotayk provinces. It has about 340,000 customers, producing over 370 million cubic meters of drinking water a year and managing 2,120 lm long water pipelines. ($ 1 – AMD 407.55). --0---