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Board of Governors of Lincy Foundation sums up results...

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  • Board of Governors of Lincy Foundation sums up results...

    BOARD OF GOVERNORS OF LINCY FUND PROGRAMS SUMS UP RESULTS OF
    COMPETITION FOR CONSTRUCTION OF NEW HIGHWAY IN YEREVAN

    Arka News Agency, Armenia
    June 22 2006

    YEREVAN, June 22. /ARKA/. The board of governors of Lincy fund programs
    summed up results of competition for construction of a new highway
    connecting streets Heratsi, Saralanji and Avetisyan within bounds of
    "Reconstruction of Yerevan Streets" program during a session held
    under the direction of the Board's Chairman, head of President's
    administration, the RA President's Press service reports.

    On basis of proposal made by the Competition Commission the board
    of governors chose three construction companies, which will do the
    construction work in three parts of Yerevan.

    Lincy Fund has been functioning in Armenia since 2001 and is financed
    by an American entrepreneur of Armenian origin, billionaire Kirk
    Kirkoryan.

    In Armenia the second 2006 program of the fund amounts to $60 mln,
    which will be spend on construction and reconstruction of roads,
    schools and Yerevan streets. S.P.--0--
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