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Private Investors Fund Construction Of Underground Parking Frame

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  • Private Investors Fund Construction Of Underground Parking Frame

    PRIVATE INVESTORS FUND CONSTRUCTION OF UNDERGROUND PARKING FRAME

    Aysor
    Dec 25 2009
    Armenia

    Construction of underground parking structure in Yerevan is mainly
    funded by private investments, told Aysor's correspondent Chief
    Architect of Yerevan Samvel Danielian.

    "We are installing a new underground parking structure on financial
    backing of private investors. Five camps will be built on Shaumian
    Square, Aznavour Square, Sakharov Square, Liberty Square, and French
    Square. We'll install 2,496 car parking spaces to 2014, finishing
    the construction works," said Samvel Danielian.

    Some 9 underground parking structures are included in the General Plan
    and the Framework of territorial dealing of administrative zones,
    according to the chief architect. The installing works are expected
    to be finished by 2020, bringing additional 2,355 car parking spaces.

    Installing of the three-storey underground parking structure on Liberty
    Square, which begun in October 2008, is nearing its completion. It
    will be put into operation in spring of 2010, providing 500 car
    parking places.

    Samvel Danielian said the 2009-2020 Plan on installing multistoried
    underground and ground parking structures is designed with focusing
    on the key goal to free streets from parked cars, especially, in
    the center of the city. Car parking places will be available by
    paid system.
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