Yerevan municipality to subsidize drinking water tariff rise
28.05.2010,
19:27
The Yerevan municipality will transfer 340 million Drams to French-run Yerevan Jur water distribution company to subsidize the difference of 14 drams (about 4 cents) arising from the change of tariff for drinking water from current 181 to 195 drams per cu
YEREVAN, May 27, /ARKA/. The Yerevan municipality will transfer 340 million Drams to French-run Yerevan Jur water distribution company to subsidize the difference of 14 drams (about 4 cents) arising from the change of tariff for drinking water from current 181 to 195 drams per cubic meter, effective July 8.
The Public Services Regulatory Commission (PSRC) allowed Yerevan Jur earlier this week to raise the tariff for drinking water fom current 181 to 195 Drams per cubic meter, effective from July 8.
By another ruling it also allowed the Yerevan municipality to subsidize the difference. As a result the tariff of drinking water supplied to consumers in the Armenian capital will remain unchanged for at least another year.
The Municipality’s decision was approved today by its Council of Elders. It said the entire amount will be transferred to Yerevan Jur on a monthly basis. The last time the drinking water price was raised in Armenia was about a year ago when the PSRC approved an increase of the price of water from 172.8 to 181 drams per cubic meter from July 8, 2009.
Yerevan Jur is run by French Generale des Eaux that won an international tender announced by World Bank to take up a long-term management of the Yerevan network in 2006. It pledged to upgrade the obsolete network and ensure 24-hour water supplies to households. The company manages also drinking water and waste water removal systems in Ararat, Aragatsotn and Kotayk provinces. It has 339,370 customers and produces 370 million cubic meters of drinking water a year managing 2,120 lm long water pipelines.-0-
The Public Services Regulatory Commission (PSRC) allowed Yerevan Jur earlier this week to raise the tariff for drinking water fom current 181 to 195 Drams per cubic meter, effective from July 8.
By another ruling it also allowed the Yerevan municipality to subsidize the difference. As a result the tariff of drinking water supplied to consumers in the Armenian capital will remain unchanged for at least another year.
The Municipality’s decision was approved today by its Council of Elders. It said the entire amount will be transferred to Yerevan Jur on a monthly basis. The last time the drinking water price was raised in Armenia was about a year ago when the PSRC approved an increase of the price of water from 172.8 to 181 drams per cubic meter from July 8, 2009.
Yerevan Jur is run by French Generale des Eaux that won an international tender announced by World Bank to take up a long-term management of the Yerevan network in 2006. It pledged to upgrade the obsolete network and ensure 24-hour water supplies to households. The company manages also drinking water and waste water removal systems in Ararat, Aragatsotn and Kotayk provinces. It has 339,370 customers and produces 370 million cubic meters of drinking water a year managing 2,120 lm long water pipelines.-0-
