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ABOUT $150 MILLION TO BE INVESTED IN "OLD YEREVAN" PROJECT
YEREVAN, December 9. /ARKA/. Investments in "Old Yerevan" project by
Armenian Swiss businessman Vardan Sermakesh will total about $150
million, said architect Levon Vardanyan who authored the design of
the project.
Sermakesh signed an agreement with the Armenian government represented
by the minister of urban planning Narek Sargsyan.
The project will be implemented by "Old City" company.
The final model will be submitted for public discussions at the end of
March, and the process of coordination with respective public agencies
will start afterwards, Vardanyan told a press conference on Monday.
Vardanyan said the project covers Abovyan, Pavstos Biuzand,
Yeznik Koghbatsi and Arami streets where a total of 14 buildings of
architectural value, including the Small Philharmonic Hall and SIL
Plaza, are located.
In general, the project will help recreate 30 buildings, including
14 mentioned and is to be implemented in a maximum of five years,
Vardanyan said.
The "Old Yerevan" area will not have dwelling buildings and will serve
as a public and cultural center with museums, galleries and fairs of
Armenian carpets.
The Old Yerevan project is to recreate Yerevan's architectural look
of the end of the 19th century and the beginning of the 20th century.
-0--
http://arka.am/en/news/society/about_150_million_to_be_invested_in_old_yerevan_pr oject/#sthash.Daww8t9a.dpuf
YEREVAN, December 9. /ARKA/. Investments in "Old Yerevan" project by
Armenian Swiss businessman Vardan Sermakesh will total about $150
million, said architect Levon Vardanyan who authored the design of
the project.
Sermakesh signed an agreement with the Armenian government represented
by the minister of urban planning Narek Sargsyan.
The project will be implemented by "Old City" company.
The final model will be submitted for public discussions at the end of
March, and the process of coordination with respective public agencies
will start afterwards, Vardanyan told a press conference on Monday.
Vardanyan said the project covers Abovyan, Pavstos Biuzand,
Yeznik Koghbatsi and Arami streets where a total of 14 buildings of
architectural value, including the Small Philharmonic Hall and SIL
Plaza, are located.
In general, the project will help recreate 30 buildings, including
14 mentioned and is to be implemented in a maximum of five years,
Vardanyan said.
The "Old Yerevan" area will not have dwelling buildings and will serve
as a public and cultural center with museums, galleries and fairs of
Armenian carpets.
The Old Yerevan project is to recreate Yerevan's architectural look
of the end of the 19th century and the beginning of the 20th century.
-0--
http://arka.am/en/news/society/about_150_million_to_be_invested_in_old_yerevan_pr oject/#sthash.Daww8t9a.dpuf