WORLD BANK TO CONSIDER HEATING SYSTEM RESTORATION LOAN PROGRAM FOR ARMENIA

YEREVAN, FEBRUARY 24, ARMENPRESS: World Bank Board of Directors will consider later this year a credit program for Armenia which it wants to develop urban heat transmitting system. Armenia expects to receive a $15 million credit to be utilized for restoration of heating systems of schools and block of flats.
The Armenian government adopted in 2002 a strategy for restoration of urban heating systems, a subsequent agreement between the government and World Bank was signed making available a $1 million advance payment. for testing several pilots projects before getting down to implementation of the major program.