YEREVAN, APRIL 15, ARMENPRESS: Armenian finance minister Vartan Khachatrian and World Bank Resident Representative Roger Robinson signed today a $20 million credit program. The Bank will make the credit available for the government to help it further improve water supply and waste water removal system in Yerevan.
A press release by the ministry said the loan will be used to provide the households in the capital city with safe and continued water supplies and to reduce ecological pollution. This is the third such credit to the government.
The ministry said the government plans a wider involvement of the private sector in the implementation of the project and will announce a tender to select an operator for Yerevan water and sewage company.
Since 1992 the World Bank has given Armenia around $860 million worth credits through its International Development Association.
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