Armenian government approves release of 50.6 million loan to isotopes producing company
20.05.2011,
22:27
The Armenian government approved today release of a budget 50.6 million drams loan (about $137,000) to isotopes producing company as part of a plan to construct the Armenian cancer treatment center.
YEREVAN, May 20, /ARKA/. The Armenian government approved today release of a budget 50.6 million drams loan (about $137,000) to isotopes producing company as part of a plan to construct the Armenian cancer treatment center.
Economy minister Tigarn Davtian said to a Cabinet session that the funds will be channelled into construction of the building and preparation of construction documents. He said the loan is provided at LIBOR+4% interest rate with a grace period until 2015.
The Armenian cancer treatment center is a joint program of the ministries of health and economy and the National Competitiveness Fund of Armenia. In 2010 November an agreement was signed with the Belgian company IBA Molecular to acquire a proton accelerator Cyclone 18/18, worth $5 million. The total cost of the program is $30 million.
The cyclotron radionuclide accelerator will be used for producing isotopes as part of the project worked out by Yerevan Institute of Physics, for early diagnosis and treatment of cancer. According to the health ministry, 30,000 people suffer from cancer and their number grows by 3 percent every year. Authorities say the cost of treatment at the center will be affordable and may be around $1000. According to Armenian health ministry, about 600 Armenians with cancer are being treated abroad every year, but their real number is believed to be much higher. ($1 – 374.62 drams ). -0-
Economy minister Tigarn Davtian said to a Cabinet session that the funds will be channelled into construction of the building and preparation of construction documents. He said the loan is provided at LIBOR+4% interest rate with a grace period until 2015.
The Armenian cancer treatment center is a joint program of the ministries of health and economy and the National Competitiveness Fund of Armenia. In 2010 November an agreement was signed with the Belgian company IBA Molecular to acquire a proton accelerator Cyclone 18/18, worth $5 million. The total cost of the program is $30 million.
The cyclotron radionuclide accelerator will be used for producing isotopes as part of the project worked out by Yerevan Institute of Physics, for early diagnosis and treatment of cancer. According to the health ministry, 30,000 people suffer from cancer and their number grows by 3 percent every year. Authorities say the cost of treatment at the center will be affordable and may be around $1000. According to Armenian health ministry, about 600 Armenians with cancer are being treated abroad every year, but their real number is believed to be much higher. ($1 – 374.62 drams ). -0-
