Finance Minister David Sargsyan and French ambassador to Armenia Henri Reynaud signed an agreement, with French Development Agency to provide a 500 000 euro grant for infrastructural projects in Armenia.

According to the agreement, 300 000 euro will be allocated to preparation of a feasibility report for Ararat valley flooding system; 100 000 euro will be provided for communities development study in the south of the country, among other activities, Finance Ministry reported.