Monday, February 12 2024 12:34

ArmInfo. Armenia's Deputy Minister of Territorial Administration Vache Terteryan held a meeting  with a delegation of the Asian Development Bank (ADB) led by Mr Don Lambert, Country Director for ADB's Armenia Resident Mission.

According to the press service of the Ministry of Territorial  Administration and Infrastructure of the Republic of Armenia, the  director of the Armenian office of the ADB said that the purpose of  the visit is to discuss issues related to the construction of  reservoirs and irrigation systems, the construction of schools, solid  waste management, as well as projects aimed at improving water  quality Lake Sevan.

Speaking about reservoir construction projects and especially about  the Kaps reservoir construction project, Terteryan pointed out the  possibility of active and effective cooperation between ADB and other  international partner structures participating in the project. The  interlocutors also emphasized the importance and necessity of the  construction and reconstruction of irrigation systems.

Regarding the school construction program, ADB representatives spoke  about their approaches, upcoming programs, emphasizing the economic  efficiency of schools under construction and issues of further  maintenance of buildings after completion of construction.

In this regard, Terteryan noted that this process is one of the  strategic priorities of the RA government, and proposed to involve  other interested departments in further discussions. Regarding the  improvement of the water quality of Lake Sevan, representatives of  the bank noted that it is possible to turn three mechanical treatment  stations on the lake into biological treatment stations.

Emphasizing the availability of treatment facilities, the Deputy  Minister also noted the importance of effective and proper management  and operation of these facilities. Speaking about solid waste  management, Vache Terteryan pointed out the need to study and justify  effective management models. Let us remind you that the cost of the  Kaps reservoir construction project is 60 million euros. It is  planned to be implemented in cooperation with the German bank KfW.  ADB's participation in this project will help attract additional  financial resources.

As for the school construction project, ADB previously allocated 66.1  million euros for this purpose.

ADB has been cooperating with the government of Armenia since 2005.  During this time, 38 sovereign and non-sovereign loans were approved,  as well as a special assistance grant. To this day, the total  investment is $1.74 billion. Armenia was also provided with 48  technical assistance grants with a total value of $25.9 million.