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`Warm' Gift to The Village of Artanish

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  • `Warm' Gift to The Village of Artanish

    `WARM' GIFT TO THE VILLAGE OF ARTANISH

    Lragir.am
    10:32:57 - 28/02/2009


    VivaCell-MTS, a subsidiary of Mobile TeleSystems OJSC (NYSE: MBT),
    announces the completion of construction works of a gas pipeline in the
    village of Artanish. This AMD 14.2 mln of social investment is the key
    to improving living conditions and also to unveiling the potential in
    developing Artanish as a tourism destination.

    VivaCell-MTS' social responsibility act marked a new beginning for the
    village which has population of 830 and had no access to natural gas
    supply. The inhabitants expressed their delight to be given the
    opportunity of having much affordable fuel, which will boost private
    entrepreneurship, mostly tourism, as the village has resources and
    conditions for tourism and resort development. Artanish peninsula is
    dominated by unique flora and fauna, and the shore of the lake is very
    comfortable for weekend getaways and summer vacations.

    `Social investments especially in those habitations of Armenia, which
    have unrealized potential for the development of entrepreneurship are
    very important, as it is the backbone of economic development.
    Hopefully, this will to some extent stop the high rate of immigration
    from the region.', - noted VivaCell-MTS General Manager after burning
    the torch of the gas pipeline.

    As an addition to the projects announced last year, more projects were
    realized in Gegharkunik region: 377.5 m gas pipeline in the village of
    Lanjaghbyur (AMD 3 mln); 674 meters-long gas pipeline installed in the
    village of Vardadzor (AMD 5.5 mln); 820 meters long drinking water
    infrastructure reconstruction in the village of Verin Getashen (AMD 15
    mln); 1010 meters-long drinking water infrastructure reconstruction in
    the village of Vaghashem (AMD 7 mln), totaling to AMD 30.5 mln.

    Overall, during 2008, in the framework of CSR projects, VivaCell-MTS'
    social investment in Gegarkunik region amounted to over AMD 170
    million.
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