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Construction Rates Decline In Yerevan

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  • Construction Rates Decline In Yerevan

    CONSTRUCTION RATES DECLINE IN YEREVAN

    Noyan Tapan
    http://www.nt.am?shownews=1010314
    Dec 8, 2008

    YEREVAN, DECEMBER 8, NOYAN TAPAN. The global financial crisis will
    have its impact on Armenian economy without fail, but today our
    country is in a relatively good state, the deputy mayor of Yerevan
    Karen Davtian said at the December 8 press conference. At the same
    time he announced that the construction rates have declined in the
    capital city, while the implementation of new construction projects
    will depend on the overall situation. The urban development work, which
    has already begun, will be completed in accordance with the schedule.

    According to the deputy mayor, 7 big urban development programs
    were implemented in Yerevan this year. These programs include
    the transport node (100,150 meter long and 14 meter wide) of the
    intersection of Heratsi, Koryun, Nalbandian and Charents Streets,
    and the 280-meter tunnel from Abovian Street to Myasnikian Avenue,
    which were put into operation.

    K. Davtian announced that Myasnikian Avenue - Armenakian Street
    and Sari Tagh - Khorenatsi Street transport node will be put into
    operation by late 2008. Besides, according to him, in late December
    two newly-constructed 10-story apartment buildings in Kanaker-Zeytun
    community will be provided to residents of 4th degree accident-prone
    buildings.

    From: Emil Lazarian | Ararat NewsPress
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