US telethon raises 11m dollars for separatist Karabakh highway
Arminfo, Yerevan
26 Nov 04
Los Angeles, 26 November: A total of 11m dollars have been raised as
a result of a telethon in the USA to raise funds for the construction
of the North-South highway in Nagornyy Karabakh.
Expressing his gratitude to those who contributed to the fund-raising,
the Nagornyy Karabakh president, Arkadiy Gukasyan, said in a live
broadcast that the biggest contribution was made by well-known
American entrepreneurs of Armenian descent – Louis Simon Manoukian,
Gerard Cafesjian and Hrair Hovnanian, as well as by Eduardo Eurnekian
from Argentina.
In parallel with the USA, a fund-raising action was held in Nagornyy
Karabakh where over 150,000 dollars were raised. The donations
were made by both enterprises and institutions of the republic and
individual citizens. So far, a total of 7.2m drams (14,400 dollars)
have already arrived at Artsakhbank accounts. The biggest contribution
was made by legal and physical entities of Mardakert [Agdara] District
of the Nagornyy Karabakh Republic – to the tune of 1.8m drams [about
3,600 dollars].
We should recall that to complete the construction of the highway,
a project valued at 25m dollars, a total of 12.5m dollars remained
to be raised in the telethon, of which 11m dollars were raised on 25
November 2004.