LATVIAN COMPANY TO INVEST 4 MILLION EURO IN THE SYSTEM OF ROAD MANAGEMENT IN YEREVAN

/ARKA/
August 9, 2011
YEREVAN

Latvian company “City Parking Service Systems” invests 4 million euro
in the project of establishment of modern, reliable and available
system of road management in Yerevan in accordance with the agreement
on long-term cooperation with Yerevan Municipality.

According to the press-release of Yerevan Municipality, in the meeting
of the Board of Elderly on Monday a draft decision on the establishment
of City Parking Service Systems Ltd. was adopted unanimously.

Activity of this organization on the basis of the agreement of Yerevan
Municipality with the Latvian company will be primarily concentrated
on the establishment of modern car parking and its management. It
is envisaged to provide about 450 units of car parking and office
equipment.