ARMENIA’S MINING INDUSTRY TO RECEIVE $44 MILLION.

/PanARMENIAN.Net/
26.06.2009 15:47 GMT+04:00

/PanARMENIAN.Net/ The purpose of the government sitting in Syunik
region is to find solutions to current problems of the region, RA
prime minister Tigran Sargsyan said. Members of the Armenian Government
familiarized with the social and economic situation of the region.

After the governor of Syunik Suren Khachatryan presented a report,
members of the government started discussing the regional issues on
the agenda. The prime minister made a decision to approve the program
on Syunik social economic development over 2010-2013. To intensify
the metal mining industry of the region the Armenian government
made a decision to provide with loans ‘Zangezur Ìining’ (for 5 year
term), ‘Armenian Ìmolybdenum Production’ (for a 5 year term) and
‘Agarak Copper Molybdenum Plant’ (for a 4 year term). On the whole,
44 million dollars will be allocated from the state budget. The
Prime minister particularly mentioned, that the amount is provided
from the Russian credit and will help to improve social and economic
life of Syunik region and to alleviate the consequences of the global
financial crisis.

From: Emil Lazarian | Ararat NewsPress