Armenia secures €24 mln loan to build garbage dump near YerevanMarch 3, 2016 - 18:30 AMT PanARMENIAN.Net - The European Bank for Reconstruction and Development (EBRD) is providing an €8 million loan to Armenia for the construction of a Yerevan-based solid waste landfill that complies with EU regulations, the Deputy Finance Minister said Thursday, March 3, according to ARKA. As Pavel Safaryan noted, the loan is co-financed by an €8 million credit line from the European Investment Bank (EIB) and a capital grant of €8 million from the European Union Neighborhood Investment Facility (NIF). The official said the loans will be provided on standard terms and “are quite reasonable from a financial point of view.” He said the new landfill will meet international standards and operate as a commercially sustainable unit with modern solid-waste management systems. The facility, located in the outskirts of Yerevan in Nubarashen, will provide major environmental and social benefits for the 1.1 million residents of Armenia’s capital. It is the second landfill project in Armenia, following the Kotayk landfill signed in 2014. The project confirms the EBRD’s commitment to supporting government plans for the modernization and upgrading of Armenia’s waste management system to European standards. Top stories The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said. From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said. The situation on the contact line between Karabakh and Azerbaijan was relatively stable overnight, the Defense Army says. Defense Minister Suren Papikyan has visited the southern Armenian province of Syunik, the Defense Ministry reported on March 18. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |