KFW TO FUND WATER DAM REPAIRS IN ARMENIA 14:49 * - TopicsExpress

KFW TO FUND WATER DAM REPAIRS IN ARMENIA 14:49 * 18.12.14 The German Development Bank KfW will allocate funds to Armenia to assist in the renovation of a water reservoir in the village Kaps (Shirak region). Under a Government decision, it will sign loan and grant agreements, offering respectively $50 million and $2 million. The plan was announced by Minister of Finance Gagik Khachatryan at the cabinet meeting on Thursday. The money will be directed to repairs and infrastructure development activities. It is planned particularly to restore the 25 million cubic meter dam, complete development work and improve water management in the upper streams of the river. tert.am/en/news/2014/12/18/kaps-reservoir/1539515

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