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Marmarik Reservoir Restoration Left Incomplete Due To Dollar Depreci

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  • Marmarik Reservoir Restoration Left Incomplete Due To Dollar Depreci

    MARMARIK RESERVOIR RESTORATION LEFT INCOMPLETE DUE TO DOLLAR DEPRECIATION

    NOYAN TAPAN
    http://www.nt.am/news.php?shownews=115302
    Ju ly 4

    On July 2, RA Prime Minister Tigran Sargsian visited Marmarik reservoir
    in the RA Kotayk region, which has not been used from the moment of
    its construction, after 1974, as its stronghold slided down a few days
    before filling the water into the reservoir. The stronghold top that
    had 350 meters length slided down to 13.5 meters. And approximately
    500 thousand cubic meters earth mass moved. Stronghold repairs started
    from 2006.

    Andranik Andreasian, the Chairman of the Water Economy State Committee
    of the RA Ministry of Territorial Administration, told the Prime
    Miniser that at present Marmarik reservoir poses certain danger
    for people living below it. According to A. Andreasian, it was one
    of the main reasons, the reservoir restoration was involved in the
    World Bank (WB) Stronghold Security Program, within the framework
    of which reservoir's stronghold was to be restored. The projecting
    finished in 2005. The construction contract was signed on August 31,
    2006 and according to the program, the construction is envisaged to
    be finished within 24 months, in 2008, but it has been left incomplete
    due to the lack of funds as a result of dollar depreciation.

    According to Andreasian, at that time the construction contract cost
    was 4bn 568m 779 thousand drams, that is, 11.521.609 dollars. The
    allocated funds have been spent, but a new calculation is needed to
    finish the rest work.
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