ARMENIA LINCY FOUNDATION BOARD SAVES $715,000 ON SCHOOL RENOVATION TENDERS

ARKA
May 31, 2010
YEREVAN

Lincy Foundation Board approved Saturday the results of several
tenders announced for rehabilitation and renovation of six schools in
Lori and Shirak provinces, the territorial management ministry said,
adding that as a result $715,000 were saved.

The meeting of the Board, chaired by deputy prime minister and
territorial minister Armen Gevorkian, agreed that the saved funds would
be directed to implementation of additional projects. All tenders were
won by companies whose bids met the requirements set by the Foundation.

The second program of the Lincy Foundation, worth $12 million embraces
Shirak and Lori provinces. The program will be accomplished in 2012.

From: A. Papazian