YEREVAN. – Armenia will be allocated a €6.5 million loan from the European Investment Bank to resolve the water supply problem that exists in the country’s regions.
Thursday’s Cabinet session approved the respective loan agreement which was signed in August. The loan is provided for a 25-year term, with floating (EURIBOR+1.362%) and fixed interest rates.
To note, the European Bank for Reconstruction and Development and the EU’s Neighborhood Investment Program likewise are funding this project.
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