Armenia to start construction of Vedi reservoir
12.05.2016,
15:27
An extraordinary session of the Armenian parliament has ratified today a loan agreement the Armenian government signed with the French Development Agency (AFD) on January 26.
YEREVAN, May 12. /ARKA/. An extraordinary session of the Armenian parliament has ratified today a loan agreement the Armenian government signed with the French Development Agency (AFD) on January 26.
The 75 million euro loan will be used to construct the Vedi reservoir in Ararat province. The loan provided with a six-year grace period and 1.29% interest rate is to be repaid within 20 years.
The head of the State Water Committee Aram Harutyunyan said the project when completed will alleviate the problem of water shortage in the Ararat Valley and allow the transition from mechanical to the gravity irrigation system, which, in turn, will result in saving of electricity. He said also the government’s co-financing is 25 million euros.
The water reservoir is to be built on the rivers Vedi and Khosrov on an area of 120 hectares. The dam’s height will be 70 meters, and the capacity 29 million cubic meters.
"The Vedi reservoir will increase the area of arable land, as well as reduce releases of water for irrigation from Lake Sevan by 20 million cubic meters per year," said Harutyunyan.
He noted that the construction work is scheduled to begin this year and to be over in four years. -0-
The 75 million euro loan will be used to construct the Vedi reservoir in Ararat province. The loan provided with a six-year grace period and 1.29% interest rate is to be repaid within 20 years.
The head of the State Water Committee Aram Harutyunyan said the project when completed will alleviate the problem of water shortage in the Ararat Valley and allow the transition from mechanical to the gravity irrigation system, which, in turn, will result in saving of electricity. He said also the government’s co-financing is 25 million euros.
The water reservoir is to be built on the rivers Vedi and Khosrov on an area of 120 hectares. The dam’s height will be 70 meters, and the capacity 29 million cubic meters.
"The Vedi reservoir will increase the area of arable land, as well as reduce releases of water for irrigation from Lake Sevan by 20 million cubic meters per year," said Harutyunyan.
He noted that the construction work is scheduled to begin this year and to be over in four years. -0-
