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Privately-funded construction grew by 57.8% to 2bln drams in January

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  • Privately-funded construction grew by 57.8% to 2bln drams in January

    Privately-funded construction grew by 57.8% to 2bln drams in Armenia in January

    YEREVAN, March 1. /ARKA/. Privately-funded construction grew by 57.8%
    to 2bln drams in Armenia in January, as compared to the same period of
    2011, the country's national statistical service reported. Of it,
    1.9bln drams were used for construction-assembly works, according to
    the report.

    The share of the privately-funded construction in the overall volume
    of construction in the country was 28.9%; that of organization-funded
    construction was 54.7% (about 3.9bln drams). Construction funded from
    international loans accounted for 1.9% (135mln drams) and state-funded
    construction was 9.3% (over 660.7mln drams).

    Total volume of capital construction from all sources was about 7.1bln
    drams in the reporting period.

    In general, a 17.6% decline was recorded in construction industry in
    the reporting period. ($1=409.22drams). -0--
    - See more at: http://arka.am/en/news/economy/privately_funded_construction_grew_by_57_8_to_2bln _drams_in_armenia_in_january/#sthash.jxoi70Lu.dpuf

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