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| 18:20:32 | 23-09-2005 | Social |
PASSED ON TO THE SECOND PHASE
Today the session of the Lins Fund Governing Council took place, during
which the new working plan of the structure was being discussed. Using the
$150 million successfully for the last few years, the fund is going is pass
on to the usage of the coming $60 million.
The promised sum is not yet given, so the Armenian branch of the Lins Fund
asked the RA Government for some money for the project works.
Besides, before allotting the money, the NA must confirm the «Memprandum-2»
received from America taking into account the fact that the works o the
first phase mentioned in the «Memorandum-1» are finished. This procedure is
carried out as the founders of the Fund demand the works of the Fund to be
formulated according to international conceptions.
According to the conception, the works will be over by October. After that
the promised sum will be allotted to Armenia. The sum will be spent in three
directions – construction of regional highways, reconstruction of Yerevan
streets, and reconstruction of schools.