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13 July 2009 - 12:06 AMT

ArmRosGazrpom received the first tranche from KfW

ArmRosGazrpom CJSC has received the first tranche from KfW development bank. The long-term loan agreement with German bank was signed for a total sum of € 50 million, the company’s press service reports.

Sums allocated within agreement frameworks are intended for funding the project aimed at the reconstruction and development of Armenia’s gas transportation and gas distribution systems.