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Construction Volume Grows By 12.4% In Armenia In January-February 20

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  • Construction Volume Grows By 12.4% In Armenia In January-February 20

    CONSTRUCTION VOLUME GROWS BY 12.4% IN ARMENIA IN JANUARY-FEBRUARY 2007 ON SAME PERIOD OF 2006

    Noyan Tapan
    Apr 30 2007

    YEREVAN, APRIL 30, NOYAN TAPAN. In January-February 2007, construction
    of 14 bln 436 mln drams (about 4.1 mln USD) was done in Armenia,
    including constr uction of production facilities of 4 bln 669.6 mln
    drams. Out of this work, building and assembly work amounted to 11
    bln 509 mln drams, including that of production facilities of 2 bln
    794.3 mln drams.

    According to the RA National Statistical Service, construction in
    January-February 2007 grew by 12.4% on the same period of 2006,
    including a 15.1% growth in building and assembly work.

    83.5% of the total area of residential buildings delivered for
    operation in January-February 2007 was built with funds of the
    population, 16.5% - with organizations' funds.

    4 comprehensive schools were repaired with World Bank credit resources
    in January-February of this year.
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