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ARMENIAN GOVERNMENT TO DO WHATEVER NECESSARY TO SPUR CONSTRUCTION
YEREVAN, November 4. /ARKA/. Extension of long-term loans to
construction companies is one of the key focuses of the program
Armenian government is developing now to slow down decline in this
area, Urban Planning Minister Samvel Tadevosyan said Monday at budget
hearings in the National Assembly.
He said that the decline in construction was first of all due to
contraction of international lending and added that to regain momentum
this area needs financial resources.
Tadevosyan said that a special commission has been set up for dealing
with the problem.
"Special attention will be paid to social housing programs and
extension of long-term loans to construction companies," he said.
One day earlier, Prime Minister Tigran Sargsyan said that the
8.5-percent decline recorded in construction in Jan-Aug 2013 was the
main obstacle for economic growth. He said that construction make up
12% of the country's GDP.
In the 2014 draft government budget, AMD 10 billion 750 million is
earmarked for urban planning. ($1 - 405.26). ---0---
- See more at:
http://arka.am/en/news/economy/armenian_government_to_do_whatever_necessary_to_sp ur_construction_/#sthash.xJdG0CP0.dpuf
YEREVAN, November 4. /ARKA/. Extension of long-term loans to
construction companies is one of the key focuses of the program
Armenian government is developing now to slow down decline in this
area, Urban Planning Minister Samvel Tadevosyan said Monday at budget
hearings in the National Assembly.
He said that the decline in construction was first of all due to
contraction of international lending and added that to regain momentum
this area needs financial resources.
Tadevosyan said that a special commission has been set up for dealing
with the problem.
"Special attention will be paid to social housing programs and
extension of long-term loans to construction companies," he said.
One day earlier, Prime Minister Tigran Sargsyan said that the
8.5-percent decline recorded in construction in Jan-Aug 2013 was the
main obstacle for economic growth. He said that construction make up
12% of the country's GDP.
In the 2014 draft government budget, AMD 10 billion 750 million is
earmarked for urban planning. ($1 - 405.26). ---0---
- See more at:
http://arka.am/en/news/economy/armenian_government_to_do_whatever_necessary_to_sp ur_construction_/#sthash.xJdG0CP0.dpuf