Economy 14:44 02/08/2019 Armenia

Sanitek CEO says company ready to make $4 million investment

Sanitek Armenia, the Yerevan waste management company, has no political affiliation, Sanitec CEO Nicholas Tawil stated during an online news conference on Friday, commenting on accusations and ‘rumors’ about a possible link of the company with the former authorities.

He stressed the company’s key concern is to properly serve the city and its residents and to strengthen the company's position to provide those services.

Tawil said that regardless of the unstable situation and persistent efforts of local authorities to exhaust the company’s resources, the company continued its work, hoping to come to an agreement with the city administration.

The CEO said the disastrous state of Nubarashen landfill, the active construction works in Yerevan and the increase in the number of tourists have made it difficult for the company to operate.

The company proposes the Yerevan residents instead of repeatedly pointing out their failures to join efforts to discuss the situation and find solutions.

He said the company is ready to invest $4 million to purchase new waste collection trucks and containers, acquire 500 containers annually, modernize the fleet, introduce corporate management principles to ensure transparency and accountability.



Source Panorama.am
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