CONSTRUCTION VOLUME GROWS BY 12.4% IN ARMENIA IN JANUARY-FEBRUARY 2007 ON SAME PERIOD OF 2006

Noyan Tapan
Apr 30 2007

YEREVAN, APRIL 30, NOYAN TAPAN. In January-February 2007, construction
of 14 bln 436 mln drams (about 4.1 mln USD) was done in Armenia,
including constr uction of production facilities of 4 bln 669.6 mln
drams. Out of this work, building and assembly work amounted to 11
bln 509 mln drams, including that of production facilities of 2 bln
794.3 mln drams.

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

83.5% of the total area of residential buildings delivered for
operation in January-February 2007 was built with funds of the
population, 16.5% – with organizations’ funds.

4 comprehensive schools were repaired with World Bank credit resources
in January-February of this year.