1. The European Investment Bank will finance projects in water infrastructure and border crossings in Armenia

    published on Friday, August 10, 2012 under Cooperation & Development

    The European Investment Bank has approved loans for up to €37 million to develop infrastructure improvement projects in Armenia. These two loans will be dedicated to the improvement of drinking water and waste water treatment infrastructures, and to the modernization of certain border crossings.

    The loans approved by the European Investment Bank (EIB) for projects to be developed in Armenia are based on the mandate from the Council and the European Parliament on the policies developed in Eastern Partner Countries and in Russia. This mandate covers the period 2007-2013 and focuses on the development of projects in local private sector development - especially SMEs, and the development of infrastructure and socio-economic improvement and adaptation to climate change.

    Whithin this context, the first of the loans approved by the EIB will be devoted to the development of border crossings in Bagratashen, Bavra and Gogavan, along with the improvement of roads and associated infrastructures in the surrounding areas. The loan, which totals €30.3 million, will help the Armenian authorities to develop their priorities in maintaining reliable transport infrastructure.

    The second loan amounts to €6.5 million. It will finance projects to improve drinking water access and water treatment and sanitation. These actions will benefit some 300,000 people in 17 small Armenian populations, helping to improve their living conditions.

    Both projects will be co-financed by the European Bank for Reconstruction and Development (EBRD) and the Neighbourhood Investment Facility (NIF). With this loans signature the EIB almost triples its investments in Armenia.

Sponsored links

Current news from the European Union: Events, EU Law and EU Institutions activities

  • Go
  • Store

10ders Alerts

Provides SMEs with the most relevant information on public sector contracts. Now you can subscribe to our Tenders Alerts on Government contracts for only 192€/year.

Do not miss opportunities that your competitors might be following. Try it out for FREE during 7 days or if you'd like to know more please phone us:
+32 2 318 03 01

You will receive only relevant tenders to your product or service in the EU country you choose. Want to know more about Tenders Alerts?

Euroalert.net Sponsors

  1. Proyecto WEST-MoS
  2. Gateway S.C.S.

If you want to become a Euroalert.net sponsor email us at ads@euroalert.net.

Euroalert.net in your website

Do you want to display Euroalert.net contents on your organisation's website?

Register at Condelway to get our free EU News widget and our free EU Calls for Proposals widget.

We have subscription options from 30€/month to use Euroalert.net web services technology

Euroalert.net on Twitter

Euroalert.net by email

Every week you can receive a summary of EU information from Euroalert.net by email

Sponsored links

10ders Product Report

10ders Observatory brings you for only 35€ your customized Product Report with all this useful information:

  • How many contracts and for what value are awarded every year
  • The list of the companies wining the contracts
  • Authorities that are purchasing your product
  • The list of announced and awarded contracts

You are the one who knows the best how to analyse and get the most from this information, and 10ders Observatory can provide you the data big companies are using. Aren't you Trying?

Specially tailored to your product or service in the EU country you choose. Want to know more about Product Reports?

Sponsored links