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Armenia's Local Producers Union Offer Building Chemical-Metallurgica

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  • Armenia's Local Producers Union Offer Building Chemical-Metallurgica

    ARMENIA'S LOCAL PRODUCERS UNION OFFER BUILDING CHEMICAL-METALLURGICAL PLANT IN ZANGEZUR

    tert.am
    28.11.12

    Chemical-metallurgical plant should be built in Zangezur, Vazgen
    Safaryan, chairman of the Local Producers Union, said Wednesday.

    Safaryan says a big volume of tailing dumps have gathered in Zangezur
    (1.5 billion tons) with the metals of which it is possible to get
    many useful materials like gold, silver, sulfur.

    He said the studies they have made show that $1.5 billion will be
    needed for the construction of the plant with the latter being able to
    return it in two years and then having 2 billion USD income annually.

    "It will also help to get money for the construction of Armenia-Iran
    railway. Besides, it will create new jobs. We may offer China to
    build the plant as it needs iron," Safaryan said.

    Chairman of the Local Producers Union said their offer fits in the
    industrial policy adopted by the Armenian government.

    "We should reach a harbor when the state starts making investments
    in the private sector," Safaryan said.

    Referring to 2013 state budget, Safaryan voiced an opinion that it
    has registered a certain progress.

    "Budget expenses are more by 1.1 trillion as compared with the previous
    one. But continuing the same course and waiting for the growth every
    year, we will wait for welfare for many years," Safaryan said.

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