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  • President Serzh Sargsyan Attends Launch Of Construction Of A Block O

    PRESIDENT SERZH SARGSYAN ATTENDS LAUNCH OF CONSTRUCTION OF A BLOCK OF APARTMENTS FOR YOUNG PROFESSORS

    ARMENPRESS
    July 9,2008

    President Serzh Sargsyan, Yerevan mayor Yervand Zakharian, Yerevan
    State University rector Aram Simonyan and pro-rector Arsen Karamyan
    attended today the launch of construction of a block of apartments
    for young professors and assistant professors of the University.

    The high-rise apartment block designed for 261 families will be built
    in Yerevan's Avan district. It will be ten-storey high with 2,3 and 4
    room apartments. The ground floor will be for shops, offices and public
    services. It will have also all facilities, including safety one,
    and modern heating and air conditioning systems, also an underground
    parking lot for 181 cars, a green zone and a playing ground.

    Pro-rector Arsen Karamyan, who is also chairman of Support to Apartment
    Building for Young University Professors non-governmental organization,
    said the project became possible thanks to effective support of the
    country's president, who is also chairman of the State University's
    Council.

    He said the original idea was to build 64 apartments, but President
    Sargsyan suggested that 261 apartments be built. The price of one
    square meter is 170,000 drams, although according to experts, the
    market price is 350,000 Drams.

    Apart from the main group of beneficiaries also extra ones were
    selected through casting a lot and if there are vacant apartments they
    will be sold to those in the list. This block will be accomplished
    in two years and a new one may be launched in 12-18 months.
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