The proposal to sign the document attached to the funding agreement between Armenia and the European Investment Bank for Armenia’s water infrastructure has been approved. The relevant decision was made at the Armenian government’s Cabinet meeting on Thursday.
The project envisages the modernization of water supply and wastewater systems in seven provinces of Armenia.
Initially, it was planned to provide 25.5 million euros as loans. But over time, about 8.8 million euros of these funds were canceled.
With the amendment to the aforesaid funding agreement, the availability period of these loans was extended until December 30, 2025. The total amount of unused funds is 3.06 million euros.
And the aforementioned decision envisages the final availability period of these loans to be extended until December 30, 2027.