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Work of $60m to be done at 2nd stage of Lincy Foundation

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  • Work of $60m to be done at 2nd stage of Lincy Foundation

    Noyan Tapan News Agency
    Sept 23 2005

    WORK OF 60 MLN USD TO BE DONE AT SECOND STAGE OF LINCY FOUNDATION


    YEREVAN, SEPTEMBER 23, NOYAN TAPAN. Work of 60 mln USD will be done
    in Armenia during the second stage of the Lincy Foundation in the
    next two years, including the "Road Construction", "Yerevan Sreets
    Repairs" and "School Construction" components, each worth 20 mln USD.
    Artashes Tumanian, Head of the RA Presidential Administration and
    Chairman of the Lincy Foundation's Armenian Office Management Board,
    told this to reporters after the September 23 board meeting. He said
    that the construction work envisaged by the program will be carried
    out in accordance with the procedure, particularly after the approval
    of the program by the RA National Assembly in October. According to
    A. Tumanian, higher quality work will be implemented at the second
    stage. In this connection he mentioned that as a whole, the work
    carried out during the first stage was successful, but it was not
    free from faults, due to the considerable volumes of the construction
    work. It was pointed out that all the construction organizations
    responsible for these faults have been held accountable.

    According to A. Tumanian, the road construction component envisages
    major repairs of three roads - 90-km Armavir-Gyumri Road, 50.8-km
    Horom-Artik-Alagyaz Road and 36-km Stepanavan-Odzun Road.

    The school construction component envisages major repairs of 18
    schools, including 13 schools in Yerevan and one school in each of
    the following marzes: Aragatsotn, Lori, Kotayk, Gegharkunik and
    Shirak. The choice of so many Yerevan schools was conditioned by the
    fact that over the past 5 years, 91% of the RA state budget resources
    have been allocated to marzes. Considerable sums were allocated for
    each school (on average 1.1 mln USD), since the buildings were in
    poor comdition. The work to be done at the schools included in the
    program will involve the reinforcement of buildings, the installation
    of local heating systems and furnishing classrooms and sport
    facilities.

    The Yerevan streets repairs component envisages constructing a new
    road to join Abovian and Papazian Streets, as well as reconstructing
    Kasian, Komitas, Terian and some other streets.

    From: Emil Lazarian | Ararat NewsPress
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