Construction of an exhibition center in Armenia to take at least $10 to 12 million
17.06.2008,
01:05
Construction of an exhibition center in Armenia is to take at least $10 to 12 million, LOGOS EXPO Centre Executive Director Ara Stepanyan said at Novosti International Press Centre on Monday.
YEREVAN, June 16. /ARKA/. Construction of an exhibition center in Armenia is to take at least $10 to 12 million, LOGOS EXPO Centre Executive Director Ara Stepanyan said at Novosti International Press Centre on Monday.
He said the company can’t afford the construction, since it works on the local market at minimal prices, which three or four times lower than prices in Georgia and Azerbaijan. Stepantan said that in 2006, the problem was presented even to the president.
He said that the soviet-era 35-hectare exhibition center has had 12 exhibition halls.
“These areas would be used as an exhibition center after developing relevant infrastructures, however, it has been sold, and Armenia is now left with no exhibition centers”, Stepanyan said.
He said that state support is needed for the construction, since private investors won’t inject money in such an initiative because of tardy repayment.
Martin Sargsyan said that preliminary design of the exhibition center is ready and the site is already chosen in Shengavit district.
The project was planned to be launched yet in 2006 and even an agreement was signed with Russian exhibition center. However, the center has not been constructed.-0--
He said the company can’t afford the construction, since it works on the local market at minimal prices, which three or four times lower than prices in Georgia and Azerbaijan. Stepantan said that in 2006, the problem was presented even to the president.
He said that the soviet-era 35-hectare exhibition center has had 12 exhibition halls.
“These areas would be used as an exhibition center after developing relevant infrastructures, however, it has been sold, and Armenia is now left with no exhibition centers”, Stepanyan said.
He said that state support is needed for the construction, since private investors won’t inject money in such an initiative because of tardy repayment.
Martin Sargsyan said that preliminary design of the exhibition center is ready and the site is already chosen in Shengavit district.
The project was planned to be launched yet in 2006 and even an agreement was signed with Russian exhibition center. However, the center has not been constructed.-0--
