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World Bank Provides $2 million Loan for Armenia

Matters India

More than 630 Armenian farmers will directly benefit from improved water service delivery, thanks to a US$2 million loan for Additional Financing of the Irrigation System Enhancement Project, signed today by Armenia and the World Bank. The financing aims to further assist the Government in its efforts to ensure efficient, cost effective and sustainable irrigation, through reduced use of energy and improved timing of water supply, news.am reports.

Additional investments will include the construction of a tertiary system to supplement the planned Baghramyan-Norakert Gravity Scheme, as the existing tertiary system is unable to reliably deliver irrigation water directly to farmers’ plots. Financing was originally provided only for the gravity structure, plus the main and secondary canals. Rehabilitation of the tertiary system will therefore ensure that the benefits of the initial investment are fully realized. 

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