Narek Sargsyan: Southern Avenue constructions are planned to be started this fall in the capital of Armenia

ArmInfo. Southern Avenua constructions are planned to be started this fall in the capital of Armenia, Narek Sargsyan, Chairman of State Committee for Urban Development of Government of Armenia stated on June 16 during the meeting with journalists.

According to him, the total extent of investments to the given project in 3-4 years will increase $300 mln.  Only this year it is planned to invest  $ 150 million. The southern avenue will be built on the site of the current Firdusi street in the center of Armenian capital. Its area is about 5 hectares. Almost 70% of the territory has already been released for the project.

Within the framework of the project, it is planned to built circle square with diameter 85m, under  which there will be multi-storey underground parking spaces . In the same place, there will be new streets, public and service facilities, business centers and hotels, the relevant organizations will conduct the necessary engineering communications. All the adjacent buildings that are architectural monuments, architects will be preserved. New buildings will have 5-7 floors. The territories to be built in the future are planned to be added to the Vernissage via new streets. The total area of buildings and buildings to be built within the project, which is planned to be realized in 3-4 years, will be 200 thousand square meters.

Besides, according to Narek Sargsyan, next to Hrazdan station, next to Dalma Garden Mall Armenian Village Noy will be built with not high buildings of 2 or 3 floors. Architecture of different districts of Armenia will be used in the construction of these buildings.

To note, Firdusi market workers held protest acts with a demand to allow them to continue working in the market until the end of 2017of the year. However, Yerevan mayor's office was informed that since June 15 in the territory of Yerevan the market should begin construction work. Traders are offered sites in other places of Yerevan, but they are worried that they will not be able to sell goods with the same success there.