TWO AGREEMENTS SIGNED IN FRAMES OF "MCA – ARMENIA" FUND’S PROGRAM IN YEREVAN

PanARMENIAN.Net
18.12.2009 17:10 GMT+04:00

/PanARMENIAN.Net/ Two agreements were signed December 18in frames of
"Millennium Challenge Account – Armenia" Fund’s program in Yerevan:
"Restoration of Ararat valley’s drainage system" of USD 7.6 million
(contractor – Sahakshin CJSC) and "Restoration of third degree utility"
of USD 2,3 million (contractor is a joint consortium Yerevanshin Ltd
and Kamurjshin CJSC.

As RA Vice-Premier, Minister of Territorial Administration Armen
Gevorgyan said, signing of these agreements is of great importance,
since large investments will be made to enhance welfare of rural areas.

According to Ara Hovsepyan, Chief Executive Officer of "MCA-Armenia",
in 2009 the Fund received and placed approximately USD 52 million
and in 2010 it is planned to allocate USD 70 million, while total
programs of the fund at the end of 2011 will reach USD 180 million.