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THREE POLISH COMPANIES EXPRESS INTEREST IN NAIRIT TENDER
/ARKA/
JUNE 10, 2011
YEREVAN
YEREVAN, June 10. / ARKA /. Three Polish companies have expressed
interest in participating in a tender announced by the government
of Armenia to choose an operator to implement the investment program
of Nairit rubber plant, energy and natural resources minister, Armen
Movsisyan, told a Cabinet session today.
The deadline for companies to make bids expires June 15. Earlier the
minister said the cost of modernizing Nairit synthetic rubber plant
in Yerevan and bringing it into line with international standards
may amount to $400-500 million, The minister said today the entire
process is transparent. Prime minister Tigran Sarkisian underlined
the need to provide the most objective and transparent information.
"Some people are trying to create speculation around this question,
writing incriminating articles and the best way to combat it is to
provide maximum transparent information. I think the availability
of objective information will reassure also the plant staff," said
Sarkisian, adding that some reports go as far as to claim that the
plant was nationalized by the government in 2006.
Employees of the plant protested today outside the presidential
residence demanding their back wages. An official of the presidential
administration, who spoke to them, promised that all arrears will be
paid within 15 days.
Armenia today is negotiating a $150-$300 million loan from the Eurasian
Economic Community Crisis Fund to finance the resumption program,
but terms of the loan are not disclosed.
Nairit plant was closed in 1989 for ecological reasons, but resumed
partial operation in 1992-93. In 2006 some 90 % of its shares were
sold to a British-registered Rainoville Property Limited at $40
million. The remaining 10% is held by the Armenian government.
/ARKA/
JUNE 10, 2011
YEREVAN
YEREVAN, June 10. / ARKA /. Three Polish companies have expressed
interest in participating in a tender announced by the government
of Armenia to choose an operator to implement the investment program
of Nairit rubber plant, energy and natural resources minister, Armen
Movsisyan, told a Cabinet session today.
The deadline for companies to make bids expires June 15. Earlier the
minister said the cost of modernizing Nairit synthetic rubber plant
in Yerevan and bringing it into line with international standards
may amount to $400-500 million, The minister said today the entire
process is transparent. Prime minister Tigran Sarkisian underlined
the need to provide the most objective and transparent information.
"Some people are trying to create speculation around this question,
writing incriminating articles and the best way to combat it is to
provide maximum transparent information. I think the availability
of objective information will reassure also the plant staff," said
Sarkisian, adding that some reports go as far as to claim that the
plant was nationalized by the government in 2006.
Employees of the plant protested today outside the presidential
residence demanding their back wages. An official of the presidential
administration, who spoke to them, promised that all arrears will be
paid within 15 days.
Armenia today is negotiating a $150-$300 million loan from the Eurasian
Economic Community Crisis Fund to finance the resumption program,
but terms of the loan are not disclosed.
Nairit plant was closed in 1989 for ecological reasons, but resumed
partial operation in 1992-93. In 2006 some 90 % of its shares were
sold to a British-registered Rainoville Property Limited at $40
million. The remaining 10% is held by the Armenian government.