MANAGER OF ARMWATERCANAL ENVISAGES TO RAISE WATER TARIFF
26-03-2008 22:00:00 | Armenia | Economy
YEREVAN, MARCH 26, NOYAN TAPAN. Since 2004, the French
manager of ArmWaterCanal company has invested 18 mln USD in the
system - at the expense of WB credit resources and its own
funds (250 mln drams or about 806 thousand USD a year). The
company's director general Patrick Loren told reporters on March
26 that the volume of water supply has increased as a result of
these investments: the average duration of water supply made 12
hours in 2007 - against 9.5 hours in 2006. 19 thousand water
meters were installed in 2007, and it is envisaged to install 30
thousand ones in 2008. P. Loren said that a program on sewage
cleaning around Lake Sevan will be launched jointly with the
European Bank for Reconstruction and Development (EBRD) within a
month.
According to him, the agreement on ArmWaterCanal's
management expires this year but they intend to work for another
two years.
It was announced that the manager is going to submit a bid
for raising the water tariff (currently making 140 drams) to the
RA Public Services Regulatory Commission.