Privately-funded construction grew by 57.8% to 2bln drams in Armenia in January
YEREVAN, March 1. /ARKA/. Privately-funded construction grew by 57.8%
to 2bln drams in Armenia in January, as compared to the same period of
2011, the country’s national statistical service reported. Of it,
1.9bln drams were used for construction-assembly works, according to
the report.
The share of the privately-funded construction in the overall volume
of construction in the country was 28.9%; that of organization-funded
construction was 54.7% (about 3.9bln drams). Construction funded from
international loans accounted for 1.9% (135mln drams) and state-funded
construction was 9.3% (over 660.7mln drams).
Total volume of capital construction from all sources was about 7.1bln
drams in the reporting period.
In general, a 17.6% decline was recorded in construction industry in
the reporting period. ($1=409.22drams). -0–
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