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- Productive Infrastructure Rehabilitation Project
Productive Infrastructure Rehabilitation Project
Armenia
Borrower | Armenia |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Agriculture |
Approved | 19.12.2006 |
Signed | 17.01.2007 |
Status | Completed |
Loan Administrator | OPEC Fund |
Executing Agency | MINISTRY OF AGRICULTURE |
Co-financiers | BENEFICIARIES, GOVERNMENT |
OPEC Fund Contribution (US$m) | 10.00 |
Total Project Cost (US$m) | 15.50 |
Armenia’s agriculture sector is based primarily on smallholder subsistence farming. Many farmers lack technical knowledge and use outdated machinery and irrigation equipment. This project aims to stimulate private sector development and commercial opportunity by tackling the infrastructure constraints that prevent rural communities from engaging in productive, profitable activity.
Sub-projects may be proposed by village councils, producers’ associations or farmers’ interest groups, and will include public infrastructure such as irrigation systems, local roads and bridges, livestock water systems, fresh water supplies and the natural gas network. On completion, the project is expected to diversify and raise rural productivity, increase incomes and generate considerable employment opportunities.