Relocation of residents of apartment blocks in Zvartnots airport’s territory is estimated to cost $15 million

Relocation of residents of apartment blocks in Zvartnots airport’s territory is estimated to cost $15 million

YEREVAN, January 22. /ARKA/. The program of relocation of the residents of two apartment blocks and one hostel in Zvartnots Airport’s territory is estimated to cost $15 million, Nelli Cherchinyan, the press secretary of the General Department of Civil Aviation of Armenia, told ARKA News Agency on Wednesday. 

Artem Movsisyan, the head of the department, told journalists yesterday that the program is planned to be completed in this year’s summer and $4 million will be allocated for its implementation this year. 

The concessioner says these houses hamper aerial navigation. After relocation of 176 families residing here these buildings will be pulled down. 

«The concessioner is implementing a $4-million investment project, under which houses are being built now for the displaced people in Yerevan's South-West residential area,» Movsisyan said. 

It is planned, he said, to provide new housing to these people already this summer. He said all of them have given their consent for relocation and they are ready to settle in the South-West residential area. Their new apartments will be even a little larger than what they had before and will be provided with kitchen furniture and sanitary ware. 

Zvartnots Airport is being run by the Armenia – International Airports in accordance with a 30-year concessional management agreement sealed with Armenian government in 2001. 

The company belongs to New York Holding Company owned by Eduardo Eurnekian, an Argentine entrepreneur of Armenian descent. --0--- 

17:23 22.01.2014

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