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WATER TO BE MORE EXPENSIVE IN SHIRAK AND LORY SINCE APRIL 1

Regions

The newly formed “Shirak water system” and “Lory water system” companies applied to the Committee Regulating Social services to make water more expensive in the regions of Shirak and Lory. By the decision of the Committee starting from April 1 in the mentioned regions water will cost 121.17 drams instead of the previous 100.

It is noteworthy that it was these two companies that took the first steps to become independent from “ArmWater system”. According to the project of the Committee Regulating Social services the companies will loans from the German KFW bank, and grants forming half of the loan. During the coming 7 years the loans will be given back by the Ministry of finance and economics instead of the companies. During this time the newly-formed companies will develop and for the next 7 years will return the money to the Ministry.