Millions of dollars spent on construction in Armenian capital in 2004 – mayor

Arminfo
27 Dec 04

YEREVAN

A total of 15.5bn drams 32m dollars have been spent on Yerevan’s
architectural and city construction works instead of the planned
15.4bn drams 31.8m dollars during 2004, Yerevan’s mayor, Yervand
Zakharyan, told reporters today.

Zakharyan said that 14bn drams were allocated only to the preparation
of Yerevan’s general plan and the construction of the Northern Avenue
complex. Apart from that, the Diakonia fund constructed 11 private
houses and their external supply lines during the outgoing year. It
must be mentioned that land works are already under way on the
Northern Avenue, which is being constructed in Yerevan. The
construction is due to end in 2006.

During 2004, over 340 agreements were reached on the implementation of
the Northern Avenue project and 46,000 sq.m. of land were allotted for
this purpose.

It is planned to construct residential buildings and business centres
in the Northern Avenue first. This part of the project costs 12m
dollars. Russia’s Nord Island company has won the tender for the
construction. The subcontractor is Armenia’s Aykopal company.

The Northern Avenue, which will connect Yerevan’s two main squares,
Theatre and Republic squares, costs a total of 150m dollars. The
construction of the Northern Avenue was started in March 2003 and is
due to end in 2006.

As for the capital’s general plan, work on blueprints to prepare the
plan is already over. The general plan will be submitted to the
appropriate Armenian ministries for inspection in 2005 and under a
government decision it will take effect in 2006.

The general plan is expected to be valid until 2020, when Yerevan’s
population will reach 1.2m people. The general plan will cover nearly
22,000 ha of land.