Construction Grows by 31.1% Year Over Year First Five Months of 2005

[Taslakhchian Andranik]

CONSTRUCTION GROWS BY 31.1% IN ARMENIA IN FIRST FIVE MONTHS OF 2005 ON
SAME PERIOD OF LAST YEAR

YEREVAN, JULY 4, NOYAN TAPAN. In Janury-May, 2005, 171 new apartment
houses of a total area of 75,130 square meters were put into
operation, which exceeded by 3.1% the index of the same period of last
year. According to the RA National Statistical Service, in the same
period, construction work of 68 bln 42.8 mln drams (about 152 mln
USD), including building and assembly work of 57 bln 758.4 mln drams
was done. The increase in the amount of construction work carried out
in the first five months of 2005 made 31.1% compared with the same
period of last year, that of building and assembly work - 26.1%. 11
new apartment houses of a total area of 2,240 square meters were put
into operation at citizens' expense in urban and rural residential
areas damaged by the earthquake. Construction work of 1 bln 979.6 mln
drams was done in the disaster zone at the expennse of all sources of
financing, including construction of 831.2 mln drams at the expense of
citizens.