CONSTRUCTION VOLUMES INCREASE BY 38.8% IN ARMENIA IN JANUARY-OCTOBER 2006 ON SAME PERIOD OF LAST YEAR

Noyan Tapan
Dec 06 2006

YEREVAN, DECEMBER 6, NOYAN TAPAN. In January-October 2006, construction
work of 458 bln 605.7 mln drams (about 1 bln 78.6 mln USD), including
construction of production objects of 175 bln 362.9 mln drams,
was done in Armenia. The building and assembly work made 412 bln
425.7 mln drams, including that of production objects of 133 bln
879.9 mln drams. According to the RA National Statistical Service,
in January-October 2006, the construction grew by 38.8%, the building
and assembly work – by 36% on the same period of last year. In the
period under review, 4 new comprehensive schools for 700 pupils were
put into operation in Armenia. Particularly, a comprehensive school
for 200 pupils was put into operation in Artashat region with state
budget resources, and 3 comprehensive schools for 500 pupils with the
WB resources. During the indicated period, 31 comprehensive schools
were repaired, incuding 22 schools with state budget resources. In
January-October 2006, construction of 24 bln 609.8 mln drams (5.4%
of the total volume of construction in Armenia) was done in the
earthquake zone at the expense of all finance sources for construction,
restoration and repairs of residential buildings, social and production
objects, including construction of production objects of 20 bln 456.8
mln drams (11.7% of the total volume). In January-October 2006, 71 new
residential buildings of the total area of over 13 thousand sq.m. or
4.6% of the area delivered for operation in the country were put into
operation at the expense of the population’s resources in the cities
and villages hit by the earthquake. 2 new comprehensive schools for 300
pupils were put into operation in the earthquake zone with a WB loan.