YEREVAN. – The Government of Armenia on Thursday approved a US$ 15-million loan agreement with the World Bank.
The agreement envisions the improvement of the water supply networks of Masis, Etchmiadzin, and Ashtarak cities and the nearby residential areas.
The loan is provided with a ten-year grace period and a twenty-five-year repayment period. The total project cost is $18 million, whose $3 million is co-financed by Armenia.
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