Armenian asks for $50-$70 million from world bank to finance new municipal water and wastewater project

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26.03.2010, 03:11

The Armenian government has asked for a $50-$70 million loan from World Bank to finance a new water supply project, a World Bank regional infrastructures projects coordinator, Ahmed Eiweida, told a news conference today in Yerevan.

YEREVAN, March 25. /ARKA/. The Armenian government has asked for a $50-$70 million loan from World Bank to finance a new water supply project, a World Bank regional infrastructures projects coordinator, Ahmed Eiweida, told a news conference today in Yerevan.

He said the request has been conveyed to World Bank that always responds to government’s priorities.

He said also the World Bank will continue to assist the Armenian government to mitigate the consequences of the global crisis, stabilize macroeconomic indices and raise the .quality of services delivered to the population.

The World Bank-supported Municipal Water and Wastewater Project is ending in 2011. It embraces 300 communities. The total budget of the project is $43 million.

Since 1992 World Bank has provided Armenia with loans worth $1.318 billion to finance 70 projects. Fifty-two have been accomplished and another 17 are in the process. -0-

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