CONSTRUCTION IN ARMENIA IN JANUARY-FEBRUARY 2007 GROWS BY 12.4% ON SAME PERIOD OF LAST YEAR

Noyan Tapan
Apr 05 2007

YEREVAN, APRIL 5, NOYAN TAPAN. In January-February 2007, construction
work of 14 bln 436.5 mln drams (about 41 mln USD) was done in Armenia,
including construction of production facilities of 4 bln 669.6 mln
drams. Building and assembly work made up 11 bln 509.3 mln drams
of the construction work, including building and assembly work of
production facilities of 2 bln 794.3 mln drams.

According to the RA National Statistical Service, the volume of
construction work in Armenia in January-February 2007 grew by 12.4%
on the same period of 2006, the volume of building and assembly work
grew by 15.1%.

Construction of residential buildings put into operation in
January-February 2007 was completely done with the population’s
resources.

4 comprehensive schools, including one school in Yerevan and three
ones in Kotayk marz, were repaired with credit resources of the World
Bank in January-February of this year.