PRIVATE INVESTORS FUND CONSTRUCTION OF UNDERGROUND PARKING FRAME

Aysor
Dec 25 2009
Armenia

Construction of underground parking structure in Yerevan is mainly
funded by private investments, told Aysor’s correspondent Chief
Architect of Yerevan Samvel Danielian.

"We are installing a new underground parking structure on financial
backing of private investors. Five camps will be built on Shaumian
Square, Aznavour Square, Sakharov Square, Liberty Square, and French
Square. We’ll install 2,496 car parking spaces to 2014, finishing
the construction works," said Samvel Danielian.

Some 9 underground parking structures are included in the General Plan
and the Framework of territorial dealing of administrative zones,
according to the chief architect. The installing works are expected
to be finished by 2020, bringing additional 2,355 car parking spaces.

Installing of the three-storey underground parking structure on Liberty
Square, which begun in October 2008, is nearing its completion. It
will be put into operation in spring of 2010, providing 500 car
parking places.

Samvel Danielian said the 2009-2020 Plan on installing multistoried
underground and ground parking structures is designed with focusing
on the key goal to free streets from parked cars, especially, in
the center of the city. Car parking places will be available by
paid system.