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CONSTRUCTION OF AN EXHIBITION CENTER IN ARMENIA TO TAKE AT LEAST $10 TO 12 MILLION
ARKA
June 16, 2008
YEREVAN, June 16. /ARKA/. Construction of an exhibition center in
Armenia is to take at least $10 to 12 million, LOGOS EXPO Centre
Executive Director Ara Stepanyan said at Novosti International Press
Centre on Monday.
He said the company can't afford the construction, since it works on
the local market at minimal prices, which three or four times lower
than prices in Georgia and Azerbaijan. Stepantan said that in 2006,
the problem was presented even to the president.
He said that the soviet-era 35-hectare exhibition center has had 12
exhibition halls.
"These areas would be used as an exhibition center after developing
relevant infrastructures, however, it has been sold, and Armenia is
now left with no exhibition centers", Stepanyan said.
He said that state support is needed for the construction, since
private investors won't inject money in such an initiative because
of tardy repayment.
Martin Sargsyan said that preliminary design of the exhibition center
is ready and the site is already chosen in Shengavit district.
The project was planned to be launched yet in 2006 and even an
agreement was signed with Russian exhibition center. However, the
center has not been constructed.
ARKA
June 16, 2008
YEREVAN, June 16. /ARKA/. Construction of an exhibition center in
Armenia is to take at least $10 to 12 million, LOGOS EXPO Centre
Executive Director Ara Stepanyan said at Novosti International Press
Centre on Monday.
He said the company can't afford the construction, since it works on
the local market at minimal prices, which three or four times lower
than prices in Georgia and Azerbaijan. Stepantan said that in 2006,
the problem was presented even to the president.
He said that the soviet-era 35-hectare exhibition center has had 12
exhibition halls.
"These areas would be used as an exhibition center after developing
relevant infrastructures, however, it has been sold, and Armenia is
now left with no exhibition centers", Stepanyan said.
He said that state support is needed for the construction, since
private investors won't inject money in such an initiative because
of tardy repayment.
Martin Sargsyan said that preliminary design of the exhibition center
is ready and the site is already chosen in Shengavit district.
The project was planned to be launched yet in 2006 and even an
agreement was signed with Russian exhibition center. However, the
center has not been constructed.