Statement Of Armenia Foundation

STATEMENT OF ARMENIA FOUNDATION
Armenia Foundation

Lragir.am
31 Aug 06

At the request of the local bodies Armenia Foundation once again
touches upon the construction of the North – South highway in
NKR. Although the foundation regularly reported to the media about the
construction of the highway, now, in refuting the misinformation by
unconsciencious media, we announce officially that the construction
of the highway goes on normally.

Roadworks are underway on seven sections of the highway
simultaneously. The construction of the 5.2 km section Kichan – Drmbon
finishes soon (contractor Chanshin C.J.S.C.). The construction of
several sections will end soon, and will be operated late this year:
Stepanakert – Karmir Shuka 8.7 km (contractor Karavan Ltd.), Tsakuri
– Hadrut 11.1 km (contractor Vrej Ltd.), Drmbon – Martakert 11.6 km
(Virage Ltd.). the 6.9 km section (contractor Veratsnund Ltd.) and 6.4
km section (contractor Chanshin Ltd.) of Kichan – Drmbon will end at
the end of this year. Raodworks on Azokh – Tsakuri 10 km and Drmbon –
Martakert 4.865 km are underway.

In 2006 Armenia Foundation built 90 thousand sq m of tarmac. In 2006
Armenia foundation signed a 1 m 200 thousand dollar contract with LK &
D International Investment Group to settle the problems connected with
imports of bitumen and help the building companies. Already 1200 tons
of bitumen was imported to Armenia.

As to the problem of quality of construction, such problems may occur
under every circumstance, and when necessity occurs, the foundation
turns to the NKR government and other relevant organizations and
warns contractors. On the whole, the foundation has enhanced control
on the quality of construction.