ArmInfo. A new modern industrial and residential complex will be built in the city of Abovyan, not far from the Armenian capital within the framework of the "Building Armenia" sustainable development program for the regions.
This was reported by the press service of the Ministry of Economy of the country, referring to today's visit to the municipality of the city by the Minister of Economy Vahan Kerobyan, who signed an agreement of intent with the project coordinator, director of Hayprospect CJSC Sevak Artsruni.
During the ceremony of signing the document, Artsruni said that about 6 million US dollars had already been allocated for the implementation of the project. By the end of the year, the investment is expected to reach $ 30 million. The total cost of the program, calculated for many years ahead, may amount to up to 1 billion US dollars.
As part of the project, it is planned to build various high-tech enterprises, housing complexes, educational institutions. So far, about 70 hectares of land have already been purchased for the start of the project. The infrastructure of the industrial zone is expected to be ready by the end of the year.
According to Artsruni, the project is at its initial stage of implementation. It is not disclosed who acted as its investor and what type of enterprise should be built.
Note that the city of Abovyan was built in the 1970s as an industrial satellite city of the Armenian capital. However, today none of the enterprises of the "past" is working here anymore. Apparently, the authors of the project intend to revive the former capacities of the industrial city, taking into account the presence of industrial traditions and qualified human capital in it.