EBRD is providing a €8 million loan to Armenia to finance the construction of a solid waste landfill in Yerevan that complies with EU regulations. The loan is co-financed by a €8 million credit line from the European Investment Bank (EIB) and a capital grant of €8 million from the European Union Neighbourhood Investment Facility (NIF).
It is the second landfill project in Armenia, following the Kotayk landfill signed in 2014. The new landfill will meet international standards and operate as a commercially sustainable unit with modern solid-waste management systems, covering the collection and disposal of municipal solid waste. The facility, located on the outskirts of Yerevan, will provide major environmental and social benefits for the 1.1 million residents of the Armenian capital. It is expected to raise public awareness of the importance of solid waste management.
Mark Davis, Head of the EBRD Yerevan Office, said: “We are excited to see another solid waste project in Armenia that will bring substantial benefits to the residents of Yerevan and the country’s environment. Creating better public awareness of the benefits of sustainable solid waste services is an integral part of the project and we will continue working on a better and healthier environment. We have a very active and productive relationship with the authorities in Yerevan and we are working in multiple sectors, with good results for the people and the country”.
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