The European Bank for Reconstruction and Development (EBRD) is providing €5.5 million loan to Armenia for implementation of modern solid waste management solutions in 12 communities in Kotayk and Gegharkunik regions. On 9 June the executive approved the loan agreement. This loan is generously complemented by capital grant financing of €5.5 million, consisting of a €3.5 million grant provided by the European Union Neighbourhood Investment Facility (EU NIF) and a €2.0 million grant secured from the Eastern Europe Energy Efficiency and Environment Partnership (E5P) fund. The loaning funds will be directed to the acquisition of new equipment and the construction of new landfill site and waste collection points. The project includes the following towns: Abovyan, Byureghavan, Tchambarak, Charentsavan, Gavar, Hrazdan, Martuni, Nor Hachn, Sevan, Tsaghkadzor, Varenis and Yeghvard.
13:31 June 09, 2016