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Armavir provinces to raise $23 million from land sale

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  • Armavir provinces to raise $23 million from land sale

    ARMAVIR PROVINCES TO RAISE $23 MILLION FROM LAND SALE

    ArmenPress
    Oct 14 2004

    YEREVAN, OCTOBER 14, ARMENPRESS: State subsidies to the province
    of Armavir rose from 29 million Armenians drams in 1998 to 142
    million drams in 2004, which, according to the province's governor,
    Albert Heroyan, is an apt illustration of real economic growth.
    Another indication of the robust economic growth, according to the
    governor, is a significant increase in teachers' wages which have
    risen to 30,000 drams (approximately $60).

    Heroyan said the sale of some 14,000 hectares of formerly state
    reserve lands in the province will bring some $23 million to the
    provincial budget.. He said more than 1,000 hectares of that land
    was already auctioned and the raised proceeds, according to the law,
    will go for improvement of local infrastructure facilities, health
    and education sectors.

    The governor also said many families that had chosen to leave the
    provinces are now coming back. "We are planning to build three blocks
    of apartments for them," he said.
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