IT IS ENVISAGED TO IMPLEMENT URBAN DEVELOPMENT PROGRAMS OF 13.9 BILLION DRAMS IN YEREVAN IN 2008
Noyan Tapan
Oct 30, 2007
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.
From: Emil Lazarian | Ararat NewsPress
