CONSTRUCTION VOLUME GROWS BY 25.1% IN ARMENIA IN FIRST QUARTER OF 2006 ON SAME PERIOD OF LAST YEAR

Noyan Tapan
May 05 2006

YEREVAN, MAY 5, NOYAN TAPAN. In January-March 2006, construction
work of 27 bln 863.4 mln drams was done in Armenia, or by 25.1% more
than in the same period of last year. According to the RA National
Statistical Service, construction of production facilities amounted
to 12 bln 928.4 mln drams. Building and assembly work made 22 bln
711 mln drams, of which the building and assembly work of production
facilities – 8 bln 469 mln drams. In January-March 2006, construction
work of 1 bln 281.5 mln drams was carried out in the earthquake
zone at the expense of all sources of financing for construction,
restoration and repairs of social and production facilities, or 4.6%
of the total volume of construction in Armenia, including construction
work of 640.9 mln drams (about 1.42 mln USD) of production facilities
(5%). In January-March 2006, 97 new residential buildings of the
total area of 41,956 square meters were put into operation in Armenia
at the expense of resources of the population and organizations,
which made up 136.7% of the respective index of the same months of
2005. Particularly, 2 residential buildings of the total area of
605 sq.m. were put into operation in Yerevan with organizations’
resources, and 95 residential buildings of the total area of 41,351
sq.m – with resources of the population.