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NEWS » Economy » Ruben & Veronika Vardanyans friends’ fund, Armenia 2020 program, ARGA fund invest $20 million for Tatev monastery reconstruction
Economy

Ruben & Veronika Vardanyans friends’ fund, Armenia 2020 program, ARGA fund invest $20 million for Tatev monastery reconstruction

10.04.2009, 22:33
The Fund of Ruben and Veronika Vardanyan’s Fund, Armenia 2020 Program and ARGA Fund have invested around $20mln for Tatev Monastery’s reconstruction, Ameriabank’s press service reports.

YEREVAN, April 10. /ARKA/. The Fund of Ruben and Veronika Vardanyan’s Fund, Armenia 2020 Program and ARGA Fund have invested around $20mln for Tatev Monastery’s reconstruction, Ameriabank’s press service reports.

The investment project aims at promoting tourism in South Armenia by repairing Tatev Monastery, decentralizing the country’s scientific-educational infrastructures and establishing a research center in Syunik region. Among the project activities is to provide remote villages of Syunik region with connection and boost agriculture in the region.

Located in Syunik region, Tatev Monastery was built in the 9th century and was once the residence of the Syunik metropolitan.

One of the most prominent medieval Armenian architectural monuments, the monastery includes Gregory’s Church (a vaulted monastery), Church of Poghos and Petros (Peter and Paul), Astvatsatsin (Mother of God) gateway church and the Gavazan (a pillar erected in the church yard in 904).

Tatev Monastery was one the largest cultural centers of Armenia with its epistolary section and library, as well as the most popular university in Medieval Armenia.

At the first stage of the four-stage project, a leading international organization that won the tender for the church reconstruction plans to study the tumbledown monastery. Experts will simultaneously study the historical monument, as well as the history of nearby villages, the architecture and ecology of the region. The first phase of this massive project will last two years.

At the second stage, reconstruction activities will be launched.

The third phase of the project will take around 16 months. During this period, the world’s largest ropeway will be built over the Vorotan gorge. It will shorten by 45 minutes the distance between the gorge and the monastery, allowing travelers admire the ravishing view from above.

At the fourth stage of the project, a hotel complex in the style of the XVIII-XIX-century Armenian architecture will be built in Syunik. The hotel building activities will be carried out simultaneously with the ropeway construction.

Ameria specializes in management, tax and legal consulting, as well as investment and banking services. It was the first company to use international experience in the sector and take into account local peculiarities while carrying out business in more than 30 regions of Armenia. Z. Sh. –0--
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