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Armenian Government Allocates More Than $8 Mln To Finish Lincy Found

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  • Armenian Government Allocates More Than $8 Mln To Finish Lincy Found

    ARMENIAN GOVERNMENT ALLOCATES MORE THAN $8 MLN TO FINISH LINCY FOUNDATION PROGRAMME IN 2008

    ArmInfo
    2008-09-19 12:55:00

    ArmInfo. Armenian government has allocated 2,4 bln AMD (more than $8
    mln) to finish Lincy Foundation programme in 2008, director of Lincy
    Yerevan office Edward Bezoyan said at today's press-conference.

    He also added the necessity of getting additional sums appeared because
    of devaluation of American dollar to Armenian dram and implementation
    of additional volume of work. The cost of the programme which started
    in Armenia in 2006 was $58 mln without additional financing. Bezoyan
    assured that all the work is coming to the end. Within the frames of
    the programme $16 mln were allocated for construction and repair of
    the inter-state and republican roads; $20,9 mln - to repair Yerevan
    streets and the rest to repair schools.

    He also said there are certain shortcomings in the work which are
    being gradually removed. He also added that all the commissioned
    facilities will remain in after-sales service for a year.
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