KfW To Grant Loan of 50 Million Euros To Rehabilitate Kaps Reservoir

KfW To Grant Loan of 50 Million Euros To Rehabilitate Kaps Reservoir

EcoLur

On 18 December the executive approved the drat grant agreements between the Republic of Armenia and KfW Bank in the amount of 50 million Euros and 2 million Euros.

The provided funds will be used for the rehabilitation and construction of Kaps reservoir with the capacity of 25 million cum, to improve water management in the upper stream of the river system, as well as for relevant services. The fund will be provided with 15 years of repayment date, out of which 5 years are privileged.

13:51 December 19, 2014


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