Aram Gharibyan to chair council of trustees of fish-breeding development program

Aram Gharibyan to chair council of trustees of fish-breeding development program

YEREVAN, March 6. /ARKA/. The Armenian government has appointed Aram Gharibyan, the Armenian president's chief advisor, as chairman of the Council of Trustees of the program aimed at developing fish breeding in Armenia and building up trout reserves in the Lake Sevan. 

Agriculture and nature protection ministers, Sergo Karapetyan and Aram Harutyunyan, the first deputy finace minister, Pavel Safaryan, deputy justice minister, Aram Orbelyan, deputy economy minister, Tigran Harutyunyan and Gegharkunik province governor, Rafik Grigoryan, will be among the council's members. 

The fish-breeding development program approved by the government on December 19, 2013, is estimated to cost AMD 66 billion. The government will invest AMD 24.9 billion in the program and private investors are expected to add AMD 18 to 19 billion to this amount. 

Some 75% of the output (live, frozen, smoked and canned trout) will be exported. The program implies that trout output from Sevan will be built up to 50,000 tons a year for one decade. 

The program is coordinated by the new-established fund for developing fish breeding in Armenia and building up trout reserves in the Lake Sevan. 

When the output implied in the program (50,000 tons a year) will be reached, AMD 23 billion (about $56 million) will flow into the fund every year.

The earned money is planned to be used for developing the project and solving the lake's environmental problems. --0----

11:24 07.03.2014

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