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Armenia Lincy Foundation Board Saves $715,000 On School Renovation T

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  • Armenia Lincy Foundation Board Saves $715,000 On School Renovation T

    ARMENIA LINCY FOUNDATION BOARD SAVES $715,000 ON SCHOOL RENOVATION TENDERS

    ARKA
    May 31, 2010
    YEREVAN

    Lincy Foundation Board approved Saturday the results of several
    tenders announced for rehabilitation and renovation of six schools in
    Lori and Shirak provinces, the territorial management ministry said,
    adding that as a result $715,000 were saved.

    The meeting of the Board, chaired by deputy prime minister and
    territorial minister Armen Gevorkian, agreed that the saved funds would
    be directed to implementation of additional projects. All tenders were
    won by companies whose bids met the requirements set by the Foundation.

    The second program of the Lincy Foundation, worth $12 million embraces
    Shirak and Lori provinces. The program will be accomplished in 2012.




    From: A. Papazian
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