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Armenian Premier Says Backs Private Sector's Participation In Privat

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  • Armenian Premier Says Backs Private Sector's Participation In Privat

    ARMENIAN PREMIER SAYS BACKS PRIVATE SECTOR'S PARTICIPATION IN PRIVATIZATION OF GEORGIAN HYDROPOWER PLANTS

    ARKA
    Dec 10, 2008

    YEREVAN, December 10. /ARKA/. Armenia's Prime Minister Tigran Sargsyan
    said he supports the private sector's participation in privatization
    of Georgia's hydropower plants. "We welcome any such participation,"
    the premier said in Tbilisi on Tuesday.

    Georgia's Deputy Prime Minister Georgy Baramidze previously stated the
    Georgian government welcomes Armenia's participation in privatization
    of their hydropower plants.

    "I have told the Georgian premier that we stand ready to implement
    large-scale projects with out Georgian colleagues," Sargsyan said,
    adding the governments of both countries are ready to launch joint
    economic programs.

    "The first program will be construction of a road with the sponsorship
    of the Asian Development Bank," the Armenian premier said, adding
    the road will help transit goods and will guarantee an entry to Batumi.

    With the Asian Development Bank ready to allocate funds for the
    project, the road is likely to be put into operation in two years. The
    distance between Yerevan-Batumi will become 30 percent shorter. The
    distance between Yerevan and Batumi is about 700km.
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