YEREVAN, OCTOBER 30, NOYAN TAPAN. By the 2008 draft state budget, the total amount of subsidies to be given to local government bodies of Yerevan's 12 communities by the principle of financial equalization will make 6.786 bln drams, which exceeds by 1.1 bln drams (3.3 mln USD) the respective index of 2007. The Yerevan municipality has submitted bids for city capital expenditures of 13.9 bln drams for 2008, the deputy mayor of Yerevan Kamo Areyan said at the October 30 joint sitting of the RA National Assembly standing committees. According to him, this sum will be allocated for the implementation of programs on road construction and major repairs, reinforcement of accident-prone buildings of 3rd degree, demolition of accident-prone buildings of 4th degree and construction of new ones, restoration of irrigation networks, maintenance of water structures, and on exterior lighting of streets.

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