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"Lakeside Resorts. Masis, Sis And New Armenia" Project To Be Launche

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  • "Lakeside Resorts. Masis, Sis And New Armenia" Project To Be Launche

    "LAKESIDE RESORTS. MASIS, SIS AND NEW ARMENIA" PROJECT TO BE LAUNCHED IN RA

    PanARMENIAN.Net
    May 31, 2010 - 17:36 AMT 12:36 GMT

    "Lakeside resorts. Masis, Sis and New Armenia" $500-million project
    will be launched in RA, head of the Armenian Development Agency Robert
    Harutyunyan said.

    The tourist facilities will be located 15km north of Yerevan,
    nearby Ashtarak and Abovyan highways. The project also envisages
    reconstruction of Yeghvard reservoir, what will cost around $70
    million. At that, investors are supposed to get some 30% benefit.

    Funds will be attracted with the assistance of The Innovation Capital.




    From: A. Papazian
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