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Karen Demirchian Sports And Concert Complex Put Into Operation After

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  • Karen Demirchian Sports And Concert Complex Put Into Operation After

    KAREN DEMIRCHIAN SPORTS AND CONCERT COMPLEX PUT INTO OPERATION AFTER MAJOR REPAIRS: 42 MILLION DOLLARS INVESTED INSTEAD OF ENVISAGED 15 MILLIONS

    Noyan Tapan
    Oct 31, 2008

    YEREVAN, OCTOBER 31, NOYAN TAPAN. Karen Demirchian Sports and Concert
    Complex was put into operation on October 31. It had been sold to
    the BAMO Russian company in October 2005, by the decision of the
    RA government.

    According to company Director Murad Muradian, the company has fulfilled
    its commitments on investing 4.5bn drams (nearly 15m USD) within
    three years, on keeping the name and the functional significance. The
    general figure of investment made nearly 42m USD, that is, more than
    three-fold more investments than envisaged were made, the company
    bought the landplot under the building, fundamentally repaired the
    building, all engineer systems, hot, cold water, heating, sewerage
    systems were renovated, the roof was renovated, development work was
    done, it is planned to build new parking lots, equipment with modern
    sound and light technologies were placed in all halls. The big hall
    intended for nearly 8 thousand people and the small hall of the complex
    intended for 2200 people were rapaired, a big conference hall will
    function in the complex building, which can be also a place to hold
    summits. The complex also has halls intended for football, volleyball,
    fitness club, a skating-rink will function, hockey and figure-skating
    schools will be opened in the building to develop these kinds of
    sports in Armenia. The company created 427 jobs with employee lists,
    which will be filled by the end of the year. According to M. Muradian,
    one day rent of the big hall with all its proper infrastructures costs
    80-10m drams (30-33 thousand USD), which, in his words, is 3-4-fold
    cheaper than the world tariffs.

    The Sports and Concert Complex was operated in 1983 under Karen
    Demirchian as Armenia's head, the complex was named after Karen
    Demirchian in his memory.

    RA President Serzh Sargsyan, Catholicos of All Armenians Karekin II,
    Yerevan Mayor Yervand Zakharian were present at the event. The latter
    emphasized that the BAMO company has repeatedly managed to exceed the
    investment commitments envisaged by the contract signed with the state,
    he also said that the work done is of high quality and high-level. "I
    am sure that the complex will be turned into a sports and cultural
    center in the whole region. Homeland's doors are open before all
    businessmen, including those from near and far Diaspora, they have all
    possibilities to perfect, to miltiply our national wealth," he said.

    Members of Karen Demirchian's family were also invited to the
    event. As K. Demirchian's son, Stepan Demirchian, evaluated it, the
    work done in the sports and concert complex in general is praiseworthy:
    "positive work has been done."
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