Armenia allocates additional 4.3 billion AMD to complete  seismic-resistant school program

ArmInfo.  The Armenian government will allocate an additional 4.3 billion drams to complete the construction of seismically resistant schools. The decision was made at a Cabinet meeting on April 2.

As noted in the justification for the draft decision, the loan  program has been implemented with the support of the Asian  Development Bank since 2015.

The project involves the reconstruction/construction of new school  buildings that are on the list of schools with the highest seismic  hazards. The project is being implemented through two loan agreements  (the main financing agreement was signed in 2015, and the  supplementary financing agreement will be signed in 2023) and  co-financing from the RA state budget. The project includes the  construction/reconstruction of 46 schools. As part of the program,  large-scale construction work has already been completed at 28  schools, including 10 in Yerevan, 3 in Aragatsotn, 3 in Ararat, 2 in  Armavir, 1 in Gegharkunik, 3 in Lori, 2 in Kotayk, 1 in Shirak, 1 in  Syunik, 1 in Vayots Dzor, and 1 in Tavush. Construction work at the  remaining 18 schools is currently in the active implementation phase  and is expected to be completed in 2026-2027.