MARMARIK RESERVOIR RESTORATION LEFT INCOMPLETE DUE TO
DOLLAR DEPRECIATION
04-07-2008 19:50:00 | Armenia | Economy
YEREVAN, JULY 4, NOYAN TAPAN. On July 2, RA Prime Minister
Tigran Sargsian visited Marmarik reservoir in the RA Kotayk
region, which has not been used from the moment of its
construction, after 1974, as its stronghold slided down a few
days before filling the water into the reservoir. The stronghold
top that had 350 meters length slided down to 13.5 meters. And
approximately 500 thousand cubic meters earth mass moved.
Stronghold repairs started from 2006.
Andranik Andreasian, the Chairman of the Water Economy
State Committee of the RA Ministry of Territorial
Administration, told the Prime Miniser that at present Marmarik
reservoir poses certain danger for people living below it.
According to A. Andreasian, it was one of the main reasons, the
reservoir restoration was involved in the World Bank (WB)
Stronghold Security Program, within the framework of which
reservoir's stronghold was to be restored. The projecting
finished in 2005. The construction contract was signed on
August 31, 2006 and according to the program, the construction
is envisaged to be finished within 24 months, in 2008, but it
has been left incomplete due to the lack of funds as a result of
dollar depreciation.
According to Andreasian, at that time the construction
contract cost was 4bn 568m 779 thousand drams, that is,
11.521.609 dollars. The allocated funds have been spent, but a
new calculation is needed to finish the rest work.