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2 Billion Drams To Be Allocated From Armenian State Budget For Const

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  • 2 Billion Drams To Be Allocated From Armenian State Budget For Const

    2 BILLION DRAMS TO BE ALLOCATED FROM ARMENIAN STATE BUDGET FOR CONSTRUCTION WORK IN EARTHQUAKE ZONE

    Noyan Tapan
    March 19, 2009

    YEREVAN, MARCH 19, NOYAN TAPAN. 2 billion drams will be allocated
    from Armenia's state budget for construction work in the earthquake
    zone. The minister of finance Tigran Davtian said at the March 19
    sitting of the government that the construction work to be done in the
    erthquake zone will help solve a number of problems: job creation,
    environmental and social problems, which will promote economic
    development and have a positive impact on GDP growth.

    The prime minister Tigran Sargsyan pointed out that this is an
    anticrisis measure. He announced that an agreement was reached with
    Vanadzor-Khimprom chemical enterprise, under which part of building
    materials needed for construction work in the earthquake zone will
    be received from this enterprise. T. Sargsyan said that the chemical
    enterprise can produce cheap building materials, thanks to which
    the expenditures will decline. Besides, the enterprise will have an
    opportunity to increase production volumes.
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