2 billion drams to be allocated from Armenian state budget
for construction work in earthquake zone
19-03-2009 19:00:00 | Armenia | Economy
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.