ARMENIA - RESILIENT SYUNIK PROGRAM

Promoter – Financial Intermediary

REPUBLIQUE D'ARMENIE

Location

• Armenia

Description

The Framework loan will support priority socio-economic investments in the recovery of the southern regions of Armenia, particularly Syunik, affected by the second Nagorno-Karabakh conflict, including basic infrastructure needs of displaced population.

Objectives

Investments in the drinking water, health and education infrastructures and related equipment will improve the access of the Syunik province population to reliable potable water supplies and quality health and education, thus ensuring decent living conditions for the displaced population and the host communities and contributing to Syunik's socio-economic recovery and long-term resilience. The project will also contribute to climate action.

Sector(s)

• Water, sewerage - Water supply; sewerage, waste management and remediation activities
• Urban development - Construction

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 50 million

Environmental aspects

The project's compliance with national and EIB's environmental and social principles will be respected.

Procurement

Implementation of the project will be done in accordance with the EIB's Guide to Procurement and the relevant applicable EU public procurement rules.

Status

Under appraisal - 30/09/2024