Capital Investments In Construction For Jan-Sept 2008 In Armenia Wer

[Maghakian Mike]

CAPITAL INVESTMENTS IN CONSTRUCTION FOR JAN-SEPT 2008 IN ARMENIA WERE UP 12.1%

ArmInfo
2008-11-03 13:30:00

ArmInfo. Capital investments in construction for Jan-Sept 2008 totaled
604.3 billion drams or about $2 billion, which was by 12.1% more than
in the same period of 2007. The growth for September totaled 26.4%.

The National Statistical Service of Armenia reports the share of
construction and assembly work in total was 208 billon drams or $546
billion drams or $1.8 million.

State budget investments in the sphere totaled 43 billion drams
($140 million) or 7.1% of total expenditure. Organizations spent
103.1 billion drams ($337.2 million) on capital construction or 17%
of total investments in the sphere in Armenia. The population spent
444 billion drams ($1.5 billion) or 73.4% of total investments in
the sphere. World Bank issued 3.6 billion drams credits to the sphere
($11.7 million) or 0.6% of total.

In total, 596 new residential buildings (252,562 sq/m) were put into
exploitation over the nine months of 2008, which was by 11% more than
in the same period of 2007.