Capital Investments In Construction In Armenia Increased By 17,2% In

[Nahapetian Zhanna]

CAPITAL INVESTMENTS IN CONSTRUCTION IN ARMENIA INCREASED BY 17,2% IN JANUARY-JUNE 2007

arminfo
2007-08-01 16:33:00

In January-June 2007 capital investments in construction increased
by 17.2% as against the same period of 2006 and in June-by 45.8% and
made up 171.4bln AMD or $481mln. According to the National Statistical
Service of Armenia, in the total volume of capital construction in
Jan- June 2007, the share of industrial facilities was 73.4 bln AMD
($206 mln), construction and assembly works - 150 bln AMD ($420.1
mln), 56.2bln AMD ($ 158mln) of them were used for construction of
industrial facilities.

The share of capital investments in Jan-June 2007 on the state budget
allocations totaled 18.3bln AMD or $51.2 mln (10,6% of the total volume
of expenses). Organizations used 60.5bln AMD or $170 mln (35.3% of
the total volume of the investments in the construction in Armenia)
for capital construction. The expenses of the Armenian population in
this direction made up 84.2bln AMD or $236 mln (49.1%).

World Bank issued $1.2bln AMD credits (0.7% of the total volume of
the funds used) for capital construction.