Yerevan Municipality To Build 110 Apartments For Residents Of Run-Do

YEREVAN MUNICIPALITY TO BUILD 110 APARTMENTS FOR RESIDENTS OF RUN-DOWN RESIDENTIAL BUILDINGS

ARMENPRESS
May 5, 2008

YEREVAN, MAY 5, ARMENPRESS: The Yerevan municipality will have built
this year two ten-storey residential blocks with 110 apartments for
residents of four four-storey run-down residential buildings.

A deputy Yerevan mayor Karen Davtian said today these four buildings
are the last run-down residential buildings in Yerevan rated as
category 4.

He said the municipality then will turn to residents of four-category
run-down hostels, which will be supported by a special government
decision.

He said there are 58 development sites in Yerevan.

He said residents of old houses which are razed to ground to give room
for high-rise buildings are provided either with housing in the same
area or offered monetary compensations at market prices with extra
15 percent pay.