"LINCY" FOUNDATION TO CONTINUE "SCHOOL BUILDING" PROGRAM

ARMENPRESS
Dec 9, 2008

YEREVAN, DECEMBER 9, ARMENPRESS: "Lincy" foundation is planning to
continue the "School Building" program in Armenia. The senior vice
president of the Foundation Harout Sassounian told Armenpress that the
government must soon study how many schools need urgent repair. "If the
financial crisis will soon smoothen the program may be expanded but
now it is impossible to speak about the details. It will be possible
to speak about the financial means only in spring," he said.

According to H. Sassounian, with the funds of the Foundation a
brilliant work has been done within the framework of school building
program which ended in September. He said in Armenia still hundreds
of schools need renovation and some of them are not even seismically
secure. "The government may reconstruct roads and we wish to continue
ensuring good school conditions for children," Sassounian noted.

Within the frameworks of "School Building" program "Lincy" Foundation
provided 19 million 993,538 USD within which during the last two
years in one school of five provinces and in 5 schools in Yerevan
reconstruction and renovation works were carried out. The Foundation
also carried out "Road Building" program.