RA GOVERNMENT STARTS TO IMPLEMENT A NEW METHOD OF INVOLVEMENT OF INVSTMENTS

ARMENPRESS
July 23, 2009

YEREVAN, JULY 23, ARMENPRESS: RA Government starts to implement a new
method of involvement of investments. During today’s session of the
Government the Prime Minister Tigran Sargsian noted that with this
the state will itself design business plans, make land selection and
allocations. If these plans are approved by the specialists they are
proposed for tender.

The representatives of the private sector, assessing the attraction
of the project present an application about their concern and the sum
of money they are ready are ready to invest in bringing this or that
plan into life.

First such plan refers to the establishment of an agro-tourism hotel
complex on the territory neighboring to Garni-Geghard highway for
which according to the preliminary calculations $5-6 million will be
needed. The greatest flow of tourists transports through the mentioned
highway. If the undertaking is of success and private investments
are involved, the Government will make other such initiatives for
instance in the Syunik province.

According to T. Sargsian the initiative is especially attractive
in the respect that the state itself reveals the projects based on
the strategy of the Government which increases the opportunities of
their profitability.

The state also settles the issues of infrastructural development and
creates more favorable conditions for the investors.

The first project is being implemented in the tourism sphere; there
may be other interesting projects in the agriculture and infrastructure
spheres as well.

This mechanism of involvement of investments is rather efficiently
implemented in Chili.