PRESIDENT: 3 MAJOR ECONOMIC PROJECTS TO BE LAUNCHED IN ARMENIA IN NEAR FUTURE

ARKA
Oct 3, 2008

YEREVAN, October 3. /ARKA/. Armenian President Serzh Sargsyan voiced
three major economic projects to be implemented in the country in
the near future.

The first is building a new nuclear power plant, second – construction
of Iran-Armenia railroad and third, creation of All-Armenian Bank
and Investment Fund to finance large-scale programs, Sargsyan said
in his address to the nation at a special parliament session.

Armenian authorities will focus on these three projects in the next
year, the President said. "You are asking – can we? My answer is –
we can. We can do it easily if we act in concert," he said.

According to the President, it is now time for large and bold economic
projects in Armenia. "Such programs not only solve important strategic
tasks, but also have major impact on economy and the society. They
create thousands of new jobs, lead to creation of various enterprises,
open up new markets and become an impetus to development of integral
fields, including science," the President said.

According to him, construction of Iran-Armenia gas pipeline proves that
even boldest goals can be achieved through consistency, self-confidence
and hard work.