Armenian government allocates 693 million drams for subvention projects

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08.09.2022, 12:06

The Armenian government approved today the release of another 693 million drams for co-financing regional subvention projects.

Armenian government allocates 693 million drams for subvention projects

YEREVAN, September 8. /ARKA/. The Armenian government approved today the release of another 693 million drams for co-financing regional subvention projects.

Territorial Administration and Infrastructure Minister Gnel Sanosyan said the subvention projects had already been implemented and by this decision the government only fulfills its obligation on co-financing infrastructure development projects.

According to him, 11 projects have been carried out in 15 communities. The distribution of funds by provinces: Gegharkunik - AMD 70mln, Lori - AMD 23mln, Ararat - AMD 71mln, Syunik - AMD 353mln, Shirak - AMD 29mln and Vayots Dzor - AMD 145mln.

In total, since the beginning of the year the government has allocated about 8.8 billion drams for this purpose. ($1 - 404.9 drams). --0--

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