European Investment Bank Finances Armenia Water, Border Upgrades

The European Investment Bank is lending Armenia almost 37 million euros ($45 million) to help upgrade municipal water and sewage facilities and construct three crossing points on the border with Georgia.

The bulk of the financing will be to develop border crossings and improve access roads at Bagratashen, Bavra and Gogavan, the European Union’s bank said. Loans to improve the drinking water supply and wastewater treatment will aid about 300,000 residents of 17 towns in Armenia, the EIB said in a website statement.

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.