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Armenian Government Backtracks, Promises Apartments To Residents Of

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  • Armenian Government Backtracks, Promises Apartments To Residents Of

    ARMENIAN GOVERNMENT BACKTRACKS, PROMISES APARTMENTS TO RESIDENTS OF DILAPIDATED YEREVAN BUILDINGS

    03.13.2014 17:19 epress.am

    The Armenian government in its meeting today upon the proposal of
    Yerevan City Hall amended one of its previous decisions regarding a
    construction area of 400 square meters adjacent to Buzand Street.

    According to the official Government of Armenia website [AM], M.S.G.

    Group and Harmony International expressed readiness to cooperate and
    pledged to complete the urban development program by December 2016.

    The government authorized Yerevan Mayor Taron Margaryan to sign a land
    sale contract with the the companies, recognizing Harmony International
    as the legal successor of the rights and responsibilities conferred in
    the previous agreement. The company will be given the opportunity to
    continue and complete the urban development program in the allocated
    area.

    The executive branch of government allocated 2 billion AMD (about
    $4,828,470 USD) to the RA Ministry of Territorial Administration to
    provide to Yerevan City Hall, with which it will purchase apartments
    for the residents of the dilapidated buildings that are set for
    demolition.

    In Yerevan, there are currently around 10 buildings designated as
    "level 4 emergency" buildings, for the resettlement of the more than
    400 families of which new apartment buildings need to be immediately
    constructed. The municipality expects to begin building four of
    these buildings this year, as a result of which it will be possible
    to acquire and as compensation provide 470 apartments and 500 square
    meters of non-residential territory.

    http://www.epress.am/en/2014/03/13/armenian-government-backtracks-promises-apartments-to-residents-of-dilapidated-yerevan-buildings.html

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