EcoLur
Water management in Armenia is in the hands of one company – Veolia, which is a monopolist. Veolia is declared the winner of the tender, where 4 companies took part in. Since 2005 Veolia has been running water supply in Yerevan and its surroundings as represented by “Yerevan Jur”, while the term of the agreement was expired in May 2016. Hardly anyone was doubtful of the victory of this company, as it’s all about investments of 80 million USD, which will be allocated as a loan and grant by the European Reconstruction and Development Bank (EBRD), the European Investment Bank (EIB) and the EU.
It should be mentioned that the EBRD is one of the shareholders of Veolia company, like the IFC, which is a shareholder of Veolia Company, brought this company to Armenia, announced a tender, recognized it as a winner and allocated a loan to this company.
November 03, 2016 at 14:24