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Solid waste management in Armenia gets boost from EIB
The European Investment Bank (EIB) is lending €8 million to finance the first phase of improvements to the solid waste disposal system in the Armenian capital Yerevan and four surrounding regions.
The project concerns the construction of a sanitary landfill, closure of the existing landfill and the implementation of waste diversion measures, serving a population of 1.9 million.
“This is the first EIB loan supporting solid waste management in the Eastern Partnership region,” said EIB Vice-President László Baranyay. “It concerns key social infrastructure, highly relevant for the quality of life and health conditions of almost two million people.”
The project is co-financed by an €8 million European Bank for Reconstruction and Development (EBRD) loan with a €1.9 million technical assistance grant, and an €8 million grant from the EU Neighbourhood Investment Facility (NIF). The EIB will provide €17 million in total to support the project, the €8 million loan signed today representing only the support for the first phase of the project. (EU Neighbourhood Info)
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