YEREVAN MAYOR APOLOGISES FOR INCONVENIENCE

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07 April, 2008

Today the Mayor of Yerevan City Erwand Zakharian apologized to Yerevan
citizens for the inconvenience caused by the road construction. He
pledged that the construction would finish in due time.

The city authorities are now focusing on the construction of new
roads, overpasses and tunnels to relieve the heavy traffic and to
avert accidents in the capital centre. Yervand Zakharian says that
the construction in the center will finish by August and September.

The Mayor says that work of 93 billion drams is foreseen but they want
to boost the volume of work up to 98 billion drams. It will mean that
in 2008 the value of work will exceed that of 2007 by 20 percent.

The value of work done in the first quarter was 35.5 billion drams
against the estimated 35.3 billion.

The Mayor says 2.4 billion drams will be provided for repairing
and illuminating 24 streets. By the turn of the year the city will
be completely lit. This year blocks of flats will be built for the
residents of demolished blocks.