Thursday, January 26 2017 16:28
Naira Badalian

Technical system of control over traffic rules in Armenia to be committed to trust of Security Dream LLC

ArmInfo. The technical system of  control over traffic rules in Armenia will be committed to trust of  Security Dream LLC.  The Government's Jan 26 decree has suspended the  contract between the Armenian Police and Security Dream LLC on  acquisition and maintenance of technical control systems.  

According to the draft decision, the contract on trust management is  concluded for 5 years with possible prolongation. By 1 July 2018, 2.5  bln AMD will be paid to Security Dream LLC to compensate for the  company's lost profit. Meanwhile, Parking City, which was engaged in  organizing raking areas in Yerevan, was donated to the Municipality  of Yerevan without any compensation for the lost profit. According to  media reports, Security Dream belongs to Serzh Sargsyan's brother  Alexander Sargsyan, while Parking City belonged to the son of Mikayel  Harutyunyan, an entrepreneur from the President's team.       

To note, on November 2 Armenian President Serzh Sargsyan invited a  meeting to discuss issues related to the systems of control over the  traffic rules and organization of the works pertinent to paid  parking. "Three or four years ago, considering the steady increase of  the number of vehicles in Yerevan and in the Republic in general and  related inconveniences, after examining the international experience,  we decided to introduce a relevant system through the state-private  sector cooperation first in Yerevan, then on the main highways of the  country, which was aimed at reducing the influence of human factor on  these processes, at keeping road police officers free of possible  pressure, and at reduction of corruption risks. As a result, fully  aware that there would be certain discontent and abuses, today we  have reached the conclusion that a great amount of work undoubtedly  has been carried out even though the number of complaints has not  dropped.  It is understandable. On the other hand we have to note  that the level of the drivers' law awareness has increased, some of  the problems have been resolved; however on each milestone we reach,  we have to adopt new approaches," Sargsyan said, adding "the fine is  not an end in itself; it is just a means to regulate these problems.  We had tasked the relevant bodies to scrutinize the entire process  once again, and if certain problems emerge, to solve them". 

At today's sitting of the Government, Deputy Head of the Armenian  Police Vardan Yeghiazaryan said that the draft decision does not only  suspend the contract, but also commits the technical system of  control over traffic rules to the trust of Security Dream LLC. 

POST A COMMENT
Input digits     


News
iDram
btn

Exchange rates
24.09.2020
RUB6.28-0.08
USD485.32-0.10
EUR565.06-3.56
GBP618.490.36
CAD362.13-2.35
JPY46.06-0.18
CNY71.34-0.06
CHF524.33-3.70



Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000