ArmInfo.Prime Minister Karen Karapetyan held a working meeting on November 10 to discuss the implementation of the program for the development of the historical center of Kumayri in Gyumri.
The meeting was stressed, the press service of the government reports, that at present the project works are being carried out in the streets of Shiraz, Hakobyan and Abovyan. After the completion of the design work on these streets, the construction of infrastructures will begin. Mayor of Gyumri Samvel Balasanyan noted that starting from the beginning of spring of 2018 a credit program will be launched in the city, financed by the European Bank for Reconstruction and Development to modernize other streets of Armenia's second largest city and importance. It is envisaged that all construction work to restore the historic center of Kumayri will be completed by the end of 2018. There was also considered the issue of involving in the program of a non-public specialized investment fund "Kumayri Revival", whose investment funds are planned to be spent on the acquisition of property in the city center. According to the statements of the responsible persons, there is a significant interest on the part of the private sector to the program and there are specific investment projects.
The Premier instructed to carry out all the works in accordance with the established schedule, while preserving the color of Gyumri. According to the Prime Minister's conviction, these programs will become a prerequisite for activating the tourist business in Gyumri, which will contribute both to the progress in the economic development of the city and to the change in the atmosphere.