Issues related to the financing of the Armenia-Georgia air line and Kaps reservoir construction projects were discussed

RA Minister of Energy infrastructures and Natural Resources Ashot Manukyan received the delegation headed by Ambassador of the Federal Republic of Germany to Armenia Matias Kisler.

Issues related to the financing of a number of investment projects envisaged in energy and water economy sectors were discussed. Highlighting the Role of the Government of the Federal Republic of Germany and KFW Bank in the development and modernization of Armenia's energy sector, Ashot Manukyan touched upon the Armenian-Georgian high-voltage air line and Kaps reservoir construction projects.

Emphasizing their importance for the Armenian economy,, the Minister presented the Government's intentions regarding the programs.

- In order to reduce the pressure on public debt, the government intends to implement a series of credit programs that provide self-financing through public-private partnerships, - said Ashot Manukyan.

During the meeting, the Minister answered the questions of the interlocutors, presented the ways of implementation of the Armenia-Georgia high-voltage air line, Kaps reservoir construction projects and the planned financing mechanisms. The parties agreed to continue discussions later on after some clarification of the issues.