Work of $60m to be done at 2nd stage of Lincy Foundation

Noyan Tapan News Agency
Sept 23 2005

WORK OF 60 MLN USD TO BE DONE AT SECOND STAGE OF LINCY FOUNDATION

YEREVAN, SEPTEMBER 23, NOYAN TAPAN. Work of 60 mln USD will be done
in Armenia during the second stage of the Lincy Foundation in the
next two years, including the “Road Construction”, “Yerevan Sreets
Repairs” and “School Construction” components, each worth 20 mln USD.
Artashes Tumanian, Head of the RA Presidential Administration and
Chairman of the Lincy Foundation’s Armenian Office Management Board,
told this to reporters after the September 23 board meeting. He said
that the construction work envisaged by the program will be carried
out in accordance with the procedure, particularly after the approval
of the program by the RA National Assembly in October. According to
A. Tumanian, higher quality work will be implemented at the second
stage. In this connection he mentioned that as a whole, the work
carried out during the first stage was successful, but it was not
free from faults, due to the considerable volumes of the construction
work. It was pointed out that all the construction organizations
responsible for these faults have been held accountable.

According to A. Tumanian, the road construction component envisages
major repairs of three roads – 90-km Armavir-Gyumri Road, 50.8-km
Horom-Artik-Alagyaz Road and 36-km Stepanavan-Odzun Road.

The school construction component envisages major repairs of 18
schools, including 13 schools in Yerevan and one school in each of
the following marzes: Aragatsotn, Lori, Kotayk, Gegharkunik and
Shirak. The choice of so many Yerevan schools was conditioned by the
fact that over the past 5 years, 91% of the RA state budget resources
have been allocated to marzes. Considerable sums were allocated for
each school (on average 1.1 mln USD), since the buildings were in
poor comdition. The work to be done at the schools included in the
program will involve the reinforcement of buildings, the installation
of local heating systems and furnishing classrooms and sport
facilities.

The Yerevan streets repairs component envisages constructing a new
road to join Abovian and Papazian Streets, as well as reconstructing
Kasian, Komitas, Terian and some other streets.

From: Emil Lazarian | Ararat NewsPress