major sectors of the economy : jewelry and diamond processing : manufacturing : information technology : natural resources : chemicals and pharmaceuticals : agriculture : food processing : tourism : construction and construction materials : energy : transport : telecommunications : water

Water

In mid-1998, the World Bank extended a US$ 30 million loan to Armenia to modernize the water supply system in Yerevan. The project was designed to make water available round the clock in areas of the city where the supply was limited to only a few hours per day. A management contract for the operation of the Yerevan water and water-waste system was awarded to an Italian consortium (ACEA Spa) in November 1999. The involvement of an international operator as manager is expected to establish a sustainable and efficient water and sewerage system, which will provide for a substantial increase in the availability of water, reduction in losses, electricity savings and increased payment collection. This project marks the first significant involvement of the private sector in municipal infrastructure.
With the assistance of USTDA, analysis of the water supply system in other regions of Armenia has been conducted. The World Bank is contributing further credits to development of Armenia's water resources.