Output in Armenia’s construction drops by 8.1% in 2013

Output in Armenia’s construction drops by 8.1% in 2013

YEREVAN, February 3. /ARKA/. Construction output amounted to 442.3 billion drams in Armenia over 2013, a reduction of 8.1%, ArmStat reported.

Output in construction paid by population was 130.9 billion drams or 29.6% of the entire volume (31.9% increase).

Construction funded by organizations amounted to 188.4 billion drams and was 42.6% of the entire amount (reduction of 21.6%). Output in construction under humanitarian aid projects was 9.2 billion drams or 2.1% (9.1% increase). Government-funded construction output totaled 67.5 billion drams (15.3%), a reduction of 7.8% against the year before. Local communities’ investments in construction were 11.9 billion drams or 2.7% (46.5% reduction). 

Output in construction from international loans amounted to about 34.1 billion drams, which is 7.7% of the entire investments in the sector (12.3% reduction). Of this, 11,398.5 million was invested by the World Bank, 2,491.1mln by EBRD, 11,364.5mln by the Asian Development Bank, 6,751.3mln by KfW and 2,157.7mln by others. ($1=408.03drams). –0--

14:31 03.02.2014

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