Veolia Group invests 14.6 billion drams in Yerevan Jur
YEREVAN, September 29. / ARKA /. French Veolia Group has invested 14.6 billion drams in Yerevan Jur water distribution company in nine years, which is by 4 billion drams more than stipulated by the management agreement, Yerevan Jur CEO, Gor Grigoryan, said today.
"When we took the company 9 years ago, 72.3% of the population had running water in their homes 17.3 hours per day; now 97.1% of the population have running water 23.3 hours, more than envisaged by the agreement", said Grigoryan.
He noted that the company was also able to significantly improve the quality of water and maintain the same water tariff at 170 drams per 1 cubic meter.
"At the beginning of the year in accordance with the agreement Yerevan Jur could increase the water tariff, but the company considered it inappropriate, especially given the growth trends of prices for other public services", said Grigoryan. .
Yerevan Jur is run by French Veolia Generale des Eaux that won an international tender announced by World Bank to take up a long-term management of the Yerevan network in 2006. It pledged to upgrade the obsolete network and ensure 24-hour water supplies to households. The company manages also drinking and waste water removal systems in Ararat, Aragatsotn and Kotayk provinces. ($1 – 475.81 drams). -0-
"When we took the company 9 years ago, 72.3% of the population had running water in their homes 17.3 hours per day; now 97.1% of the population have running water 23.3 hours, more than envisaged by the agreement", said Grigoryan.
He noted that the company was also able to significantly improve the quality of water and maintain the same water tariff at 170 drams per 1 cubic meter.
"At the beginning of the year in accordance with the agreement Yerevan Jur could increase the water tariff, but the company considered it inappropriate, especially given the growth trends of prices for other public services", said Grigoryan. .
Yerevan Jur is run by French Veolia Generale des Eaux that won an international tender announced by World Bank to take up a long-term management of the Yerevan network in 2006. It pledged to upgrade the obsolete network and ensure 24-hour water supplies to households. The company manages also drinking and waste water removal systems in Ararat, Aragatsotn and Kotayk provinces. ($1 – 475.81 drams). -0-