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  • Ruben & Veronika Vardanyans Friends' Fund, Armenia 2020 Program, ARG

    RUBEN & VERONIKA VARDANYANS FRIENDS' FUND, ARMENIA 2020 PROGRAM, ARGA FUND INVEST $20 MILLION FOR TATEV MONASTERY RECONSTRUCTION

    ARKA
    Apr 10, 2009

    YEREVAN, April 10. /ARKA/. The Fund of Ruben and Veronika Vardanyan's
    Fund, Armenia 2020 Program and ARGA Fund have invested around $20mln
    for Tatev Monastery's reconstruction, Ameriabank's press service
    reports.

    The investment project aims at promoting tourism in South
    Armenia by repairing Tatev Monastery, decentralizing the country's
    scientific-educational infrastructures and establishing a research
    center in Syunik region. Among the project activities is to provide
    remote villages of Syunik region with connection and boost agriculture
    in the region.

    Located in Syunik region, Tatev Monastery was built in the 9th century
    and was once the residence of the Syunik metropolitan.

    One of the most prominent medieval Armenian architectural monuments,
    the monastery includes Gregory's Church (a vaulted monastery), Church
    of Poghos and Petros (Peter and Paul), Astvatsatsin (Mother of God)
    gateway church and the Gavazan (a pillar erected in the church yard
    in 904).

    Tatev Monastery was one the largest cultural centers of Armenia
    with its epistolary section and library, as well as the most popular
    university in Medieval Armenia.

    At the first stage of the four-stage project, a leading international
    organization that won the tender for the church reconstruction plans
    to study the t umbledown monastery. Experts will simultaneously study
    the historical monument, as well as the history of nearby villages,
    the architecture and ecology of the region. The first phase of this
    massive project will last two years.

    At the second stage, reconstruction activities will be launched.

    The third phase of the project will take around 16 months. During this
    period, the world's largest ropeway will be built over the Vorotan
    gorge. It will shorten by 45 minutes the distance between the gorge and
    the monastery, allowing travelers admire the ravishing view from above.

    At the fourth stage of the project, a hotel complex in the style of the
    XVIII-XIX-century Armenian architecture will be built in Syunik. The
    hotel building activities will be carried out simultaneously with
    the ropeway construction.

    Ameria specializes in management, tax and legal consulting, as well
    as investment and banking services. It was the first company to use
    international experience in the sector and take into account local
    peculiarities while carrying out business in more than 30 regions of
    Armenia.
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