Privately-funded construction grew by 57.8% to 2bln drams in Armenia in January

YEREVAN, March 1. /ARKA/. Privately-funded construction grew by 57.8% to 2bln drams in Armenia in January, as compared to the same period of 2011, the country’s national statistical service reported. Of it, 1.9bln drams were used for construction-assembly works, according to the report.

The share of the privately-funded construction in the overall volume of construction in the country was 28.9%; that of organization-funded construction was 54.7% (about 3.9bln drams). Construction funded from international loans accounted for 1.9% (135mln drams) and state-funded construction was 9.3% (over 660.7mln drams).

Total volume of capital construction from all sources was about 7.1bln drams in the reporting period.

In general, a 17.6% decline was recorded in construction industry in the reporting period. ($1=409.22drams). –0--