31.4 BILLION DRAMS ALLOCATED TO ARMENIA’S TRANSPORT, ROADS AND COMMUNICATION IN 2006

Noyan Tapan
Sep 7, 2007

YEREVAN, SEPTEMBER 7, NOYAN TAPAN. About 31.4 bln drams (about 78.5
mln USD) was allocated from the 2006 RA state budget to the country’s
transport, roads and communication, which made 66.2% of the envisaged
sum. The RA deputy minister of finance and economy, chief treasurer
Atom Janjughazian said at the September 7 sitting of the RA NA standing
committees that this deviation was due to a delay in implementation
of the program on road repairs and the program on repairs of Yerevan
streets financed by the Lincy Foundation. Expenditures on the indicated
sectors grew by 49.2% or about 10.4 bln drams as compared with 2005.

According to the deputy minister, expenditures on motor and city
electric transport amounted to 2.8 bln drams, on transport and roads –
about 27.9 bln drams, and communication – on about 147.7 mln drams.

Nearly 12.3 bln drams out of the allocations to the sector were spent
on major repairs of motorways of state significance, about 5 bln drams
– on maintenance and operation of motorways of state significance,
465.2 mln drams – on winter and current maintenance and operation of
roads of local significance.