Armenia expects the last grant amounted $16.7 million from “Millennium Challenge” corporation
17.09.2011,
18:41
Armenia expects to get the last grant amounted $16.661 million from the American corporation “Millennium Challenge-Armenia”, press-service of the Armenian government informs.
YEREVAN. September 17. /ARKA/. Armenia expects to get the last grant amounted $16.661 million from the American corporation “Millennium Challenge-Armenia”, press-service of the Armenian government informs.
Application for getting the last grant was approved on Friday in the last meeting of the board of the fund “Millennium Challenge-Armenia” headed by the Prime Minister of Armenia Tigran Sargsyan.
The last grant is planned to get in the period from October 2011 to January 2012. It will be fully targeted at the implementation of the last payments to construction companies by irrigation program of agriculture.
Program of corporation “Millennium Challenge-Armenia” on the reduction of rural poverty through rehabilitation of irrigation infrastructures vital for Armenia will be ended in January 2012. Total cost of the program after its completion will be $176.491 million.
“During five years a large amount of work was implemented. The results are really obvious and visible for our citizens. If there are even the slightest doubts about the effectiveness and implementation of the projects, any issue is submitted for public discussion, which formed a special atmosphere of trust”, said Sargsyan.
The Prime Minister on behalf of the Board thanked the corporation for funding and implementation of the program, as well as the employees of the American Embassy and representatives of Armenian office of corporation “Millennium Challenge-Armenia”.
“We also thank the board members, including representatives of private sector organizations, beneficiaries who have been with us for five years giving an objective assessment to the work of the Board, implemented control to make sure that decisions are made strictly by the rules, openly and transparent”, said Sargsyan.
Noting that the work was hard, Sargsyan stressed that it is, nevertheless, a success.
The goal of the program of corporation “Millennium Challenge-Armenia” is to reduce rural poverty through rehabilitation of critical irrigation infrastructure in Armenia, as well as provide financial assistance and advice to farmers, representatives of processing industry and management structures of irrigation system.
According to the agreement of March 27, 2006, the American corporation “Millennium Challenge” planned to allocate $235.65 million to Armenia for five years for rehabilitation programs of irrigation systems and community roads. On June 10, 2009 the Board meeting decided to suspend funding of the program of road construction, in the result of which its cost was reduced to $176.5 million. --0--
Application for getting the last grant was approved on Friday in the last meeting of the board of the fund “Millennium Challenge-Armenia” headed by the Prime Minister of Armenia Tigran Sargsyan.
The last grant is planned to get in the period from October 2011 to January 2012. It will be fully targeted at the implementation of the last payments to construction companies by irrigation program of agriculture.
Program of corporation “Millennium Challenge-Armenia” on the reduction of rural poverty through rehabilitation of irrigation infrastructures vital for Armenia will be ended in January 2012. Total cost of the program after its completion will be $176.491 million.
“During five years a large amount of work was implemented. The results are really obvious and visible for our citizens. If there are even the slightest doubts about the effectiveness and implementation of the projects, any issue is submitted for public discussion, which formed a special atmosphere of trust”, said Sargsyan.
The Prime Minister on behalf of the Board thanked the corporation for funding and implementation of the program, as well as the employees of the American Embassy and representatives of Armenian office of corporation “Millennium Challenge-Armenia”.
“We also thank the board members, including representatives of private sector organizations, beneficiaries who have been with us for five years giving an objective assessment to the work of the Board, implemented control to make sure that decisions are made strictly by the rules, openly and transparent”, said Sargsyan.
Noting that the work was hard, Sargsyan stressed that it is, nevertheless, a success.
The goal of the program of corporation “Millennium Challenge-Armenia” is to reduce rural poverty through rehabilitation of critical irrigation infrastructure in Armenia, as well as provide financial assistance and advice to farmers, representatives of processing industry and management structures of irrigation system.
According to the agreement of March 27, 2006, the American corporation “Millennium Challenge” planned to allocate $235.65 million to Armenia for five years for rehabilitation programs of irrigation systems and community roads. On June 10, 2009 the Board meeting decided to suspend funding of the program of road construction, in the result of which its cost was reduced to $176.5 million. --0--
