ARMENIA’S NATIONAL ASSEMBLY VP “WINS” 409.2 MILLION AMD ROAD REPAIR CONTRACT
Grisha Balasanyan
12:06, August 29, 2013
On August 14, 2013, the Armenian government awarded a 409.2 million
AMD road repair contract to a company owned by Hermineh Naghdalyan,
the Vice-President of the country’s National Assembly.
Naghdalyan, a member of the ruling Republican Party, is the sole owner
of the company in question – SISIAN F&PA, Ltd. (The company engages
in motorway construction, earthwork operations, stone manufacturing
and cargo transportation).
The Ministry of Transportation and Communications decided that the
contract would be drawn up on a negotiations-based process and not
on open bidding.
The original government outlay for the project was 416.7 million AMD.
Sections of the Goris-Meghri highway, down to the border with Iran,
are slated for repair.
Within her close circle of friends, Naghdalyan is known as the “Mrs.
Business”. In fact, she is the wealthiest female MP in the National
Assembly.
In 2012, Naghdalyan declared 375 million AMD in revenues and 50
million AMD in cash holdings
Armenia’s “Mrs. Business” has financial interests in a number of
other companies as well.
From: Baghdasarian
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