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Construction Grows By 31.8% In Armenia In First Half Of 2006

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  • Construction Grows By 31.8% In Armenia In First Half Of 2006

    CONSTRUCTION GROWS BY 31.8% IN ARMENIA IN FIRST HALF OF 2006

    Noyan Tapan
    Aug 09 2006

    YEREVAN, AUGUST 9, NOYAN TAPAN. In January-June 2006, construction
    work of 165 bln 624.9 mln drams (about 373.1 mln USD) was done in
    Armenia, including construction of production facilities of 57 bln
    767.8 mln drams. Building and assembly work amounted to 138 bln 242
    mln drams, including that of production facilities of 33 bln 797.5
    mln drams. According to the RA National Statistical Service, the
    construction work done in January-June 2006 exceeded the respective
    index of 2005 by 31.8%, the building and assembly work - by 35.3%. In
    the first half of 2006, 271 new residential buildings of the total
    area of 165,417 sq.m. were put into operation at the expense of the
    population's and organizations' resources, or by 58.4% more than the
    index of the same period of last year. In January-June 2006, fixed
    assets of 120 bln 778.9 mln drams were built, including production
    facilities of 31 bln 997.6 mln drams. In the period under review, 18
    comprehensive schools were repaired in Armenia with all sources of
    finance. Particularly, 13 comprehensive schools were repaired with
    state budget resorces. Construction worth 5 bln 482.6 mln drams,
    or 3.3% of the total construction in Armenia, with all sources of
    finance with the aim of construction, restoration and repair of
    residential buildings, social and production facilities, was carried
    out in the earthquake zone in January-June 2006, including construction
    of production facilities of 3 bln 411.5 mln drams (5.9%).
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