Friday, September 8 2017 14:13

The work on implementation of the project "Old Yerevan" started in Yerevan

The work on implementation of the project "Old Yerevan" started in Yerevan

ArmInfo. Works began in Yerevan on the implementation of the "Old Yerevan" protest. For this moment, land works are carried out on one of the parts of the site envisaged for this project, and on the other part - the mayor's office carries out the process of alienation and clearing of the remaining territory. ArmInfo correspondent was informed about it by the press secretary of the head of the State Committee of Town Planning of Armenia Anahit Yesayan. She also informed that soon within the framework of this program on Teryan street the construction of podzemyh plots will start.

On Abovyan street, construction works will also begin soon. The program "Old Yerevan" includes the central streets - Abovyan, Pavstos Buzand, Yeznik Kokhbatsi, Arami and the main avenue Mashtots. Note that the idea of implementing the project appeared in 2005, in 2010 it was planned to start it, but due to the crisis and the lack of funds, it was suspended. In 2014, the Government of Armenia signed an investment agreement with the Swiss investor of Armenian origin, the head of the watch company Frank Muller Vardan Sermakes on the resumption of works on the construction of this site for a total of about $ 130 million. An interdepartmental consultation was held recently with the participation of the author of the program Levon Vardanyan, headed by the chairman of the State Committee for Urban Development of the Republic of Armenia Narek Sargsyan, in order to discuss and resolve issues related to the development of the "Old Yerevan" program.

The meeting was also attended by the employees of the Ministry of Culture of Armenia and the Yerevan City Hall. At the meeting, it was decided to follow the approved conceptual provisions presented by the State Committee for Urban Development of Armenia, the Ministry of Culture of the RA and the Yerevan Municipality with further implementation of the program. During the discussion it was also decided to rebuild the buildings of the N97? N25 on Buzand Street, which are currently being demolished. They decided to restore the part of the city that is part of the "Old Yerevan" project.The project "Old Yerevan" provides for the reconstruction of the architectural image of the Armenian capital of the late XIX - early XX centuries. In the center of the city will be restored several dozen buildings and architectural structures erected during this period and representing historical and cultural value.  The author of the project, architect Levon Vardanyan, stated earlier that within the framework of the reconstruction of the historic quarter, it is planned to build a trade and social complex, build a two-storey underground parking lot, while the availability of residential space is excluded. According to Vardanyan, the entire site, foreseen for building, with an area of about 20 thousand square meters, is divided between two investors in a ratio of 16.5 thousand square meters. m and 3.5 thousand square meters. m respectively.  He did not indicate the cost of the project.

Investors of the program are the company Old City in the face of the founders - Vardan Sarmakesh, as well as local entrepreneur Vahe Harutyunyan.Let us note that just the day before the government discussed another equally interesting project on the creation of the ethnographic quarter "Armenian village". The cost of the project will cost $ 100-150 million, it is planned to create the Ethnographic Array "Armenian Village" with the architectural style inherent in Armenian cities and villages: residential buildings, hotels, and halls with paintings and works of folk art (carpets, forging, ceramics, souvenirs ). "I am sure that the ethnographic quarter" Armenian Village "can become one of the sights of Yerevan, which will best represent the Armenian environment of the regions and cities of Armenia," Prime Minister of Armenia Karapetyan said at the meeting.  An international tender has already been announced, in which 4 companies applied for participation. They discuss the details of the project.

POST A COMMENT
Input digits     


News
Next year, Tumo Center for Creative Technologies to open in UruguayNext year, Tumo Center for Creative Technologies to open in Uruguay
Armenian Card reports: Due to issues with Internet channels,  E-commerce transactions are unavailableArmenian Card reports: Due to issues with Internet channels,  E-commerce transactions are unavailable
Iraq proposes to establish joint committee with Armenian businessmen  to boost trade and economic relationsIraq proposes to establish joint committee with Armenian businessmen  to boost trade and economic relations
4th meeting of  Intergovernmental Commission on Economic Cooperation   held in Yerevan 4th meeting of  Intergovernmental Commission on Economic Cooperation   held in Yerevan 
Non-resident electronic services providers paid 3.1 billion drams in  VAT to Armenia`s state treasury-  SRC head Non-resident electronic services providers paid 3.1 billion drams in  VAT to Armenia`s state treasury-  SRC head 
So, who`s the one lying now: Rosselkhoznadzor  returned 21 trucks  with quarantine products to Armenia over  the past three daysSo, who`s the one lying now: Rosselkhoznadzor  returned 21 trucks  with quarantine products to Armenia over  the past three days
State support program for energy-efficient renovation in Armenia  concluded, with no plans for continuationState support program for energy-efficient renovation in Armenia  concluded, with no plans for continuation
12th Harvest Festival kicks off in Dzoraghbyur12th Harvest Festival kicks off in Dzoraghbyur
5 042 314 AMD to the Zark eco-camp. The August beneficiary of the Power of One Dram initiative is the Bridge of Hope NGO5 042 314 AMD to the Zark eco-camp. The August beneficiary of the Power of One Dram initiative is the Bridge of Hope NGO
Industrial price index weakened due to decline in industrial sector Industrial price index weakened due to decline in industrial sector 
Armenia`s economic growth slowed to 7% in January-July 2025, with a  41.4% decline in foreign tradeArmenia`s economic growth slowed to 7% in January-July 2025, with a  41.4% decline in foreign trade
In August, 2,427 trucks with export products from Armenia entered  Russia - Minister of EconomyIn August, 2,427 trucks with export products from Armenia entered  Russia - Minister of Economy
Luys Foundation: Armenian government continues to face challenges in  budget planningLuys Foundation: Armenian government continues to face challenges in  budget planning
RA President: Stable peace to open up huge economic potential for  ArmeniaRA President: Stable peace to open up huge economic potential for  Armenia
In Armenia`s interbank foreign exchange market from August 18 to 22,  2025, dollar transactions decreased while ruble increasedIn Armenia`s interbank foreign exchange market from August 18 to 22,  2025, dollar transactions decreased while ruble increased
Armenia, UNWTO discuss possible joint initiativesArmenia, UNWTO discuss possible joint initiatives
Construction of Kajaran-Agarak road proceeding at rapid pace - Road  Department FoundationConstruction of Kajaran-Agarak road proceeding at rapid pace - Road  Department Foundation
In Armenia, taxes collected in first 7 months of 2025 were 424.8  billion drams less than plannedIn Armenia, taxes collected in first 7 months of 2025 were 424.8  billion drams less than planned
Number of tourists in Armenia 2.5% down in Jan-July, 2025Number of tourists in Armenia 2.5% down in Jan-July, 2025
In the first half of 2025, Armenia`s GDP reached nearly $12 billion,  showing a decline in growthIn the first half of 2025, Armenia`s GDP reached nearly $12 billion,  showing a decline in growth
Pashinyan: State budget for 2026 does not provide for significant  increase in defense spendingPashinyan: State budget for 2026 does not provide for significant  increase in defense spending
Papoyan: Armenia actively diversifying  export destinations for  finished productsPapoyan: Armenia actively diversifying  export destinations for  finished products
Armenia becoming from labor-exporting country to destination for   migrants: PashinyanArmenia becoming from labor-exporting country to destination for   migrants: Pashinyan
Economy Minister: Armenia has no political issues with EAEUEconomy Minister: Armenia has no political issues with EAEU
School purchases are more profitable with Idram&IDBankSchool purchases are more profitable with Idram&IDBank
Online purchase and sale of real estate to take effect in Armenia Online purchase and sale of real estate to take effect in Armenia 
Armenia and Supermicro Consider Prospects for Cooperation in  Development of Digital InfrastructuresArmenia and Supermicro Consider Prospects for Cooperation in  Development of Digital Infrastructures
RA minister of economy hosts ODDO BHF financial group delegationRA minister of economy hosts ODDO BHF financial group delegation
Iran persuading us to more actively use logistics route: Russia,  Armenia, Iran and Persian Gulf - LukashenkoIran persuading us to more actively use logistics route: Russia,  Armenia, Iran and Persian Gulf - Lukashenko
Idram Junior: The best companion for your child Idram Junior: The best companion for your child 
Implementation of  agreements from 23rd meeting of Intergovernmental  Commission meeting and  bilateral cooperation agenda between Armenia  and Russia discussed in YerevanImplementation of  agreements from 23rd meeting of Intergovernmental  Commission meeting and  bilateral cooperation agenda between Armenia  and Russia discussed in Yerevan
Pashinyan, Overchuk discuss Armenia-Russia agenda mattersPashinyan, Overchuk discuss Armenia-Russia agenda matters
Armenian IT companies to participate in GITEX GLOBAL-2025 technology  exhibition in Dubai Armenian IT companies to participate in GITEX GLOBAL-2025 technology  exhibition in Dubai 
In the first half of 2025, Russia led in  transfers to Armenia, while  the UAE and Switzerland led in outflowsIn the first half of 2025, Russia led in  transfers to Armenia, while  the UAE and Switzerland led in outflows
Aram Sargsyan: Armenia has a real chance to become a regional NVIDIA  hubAram Sargsyan: Armenia has a real chance to become a regional NVIDIA  hub
Armenia`s Economy Minister announces increase in GDP growth Armenia`s Economy Minister announces increase in GDP growth 
Fitch Ratings: Armenia-Azerbaijan peace framework may support  positive credit trendsFitch Ratings: Armenia-Azerbaijan peace framework may support  positive credit trends
$176mln reimbursed to mortgage-holders under income tax reimbursement  program $176mln reimbursed to mortgage-holders under income tax reimbursement  program 
 Armenia`s exports of flowers, decorative products 88.7% up  Armenia`s exports of flowers, decorative products 88.7% up 
Armenian Prime Minister, Iranian President participate in  Armenian-Iranian business forum  in Yerevan Armenian Prime Minister, Iranian President participate in  Armenian-Iranian business forum  in Yerevan 
Yerevan, Tehran bring standards closer together: memorandum of  understanding signedYerevan, Tehran bring standards closer together: memorandum of  understanding signed
Minister: Construction of new Iran-Armenia power transmission line is  in its final stageMinister: Construction of new Iran-Armenia power transmission line is  in its final stage
Tehran, Yerevan agree to construct second border bridge - Iranian  officialTehran, Yerevan agree to construct second border bridge - Iranian  official
Pashinyan, Pezeshkian discuss Iran-Armenia power line: the project  must be completed in the shortest possible timePashinyan, Pezeshkian discuss Iran-Armenia power line: the project  must be completed in the shortest possible time
World Wine Tourism Organization interested in cooperation with  Armenia World Wine Tourism Organization interested in cooperation with  Armenia 
Yerevan, Tehran discuss Kajaran-Agarak road construction progressYerevan, Tehran discuss Kajaran-Agarak road construction progress
Papoyan: Armenia sees broad cooperation prospects with  Iranian  business communityPapoyan: Armenia sees broad cooperation prospects with  Iranian  business community
" I didn t say it, Xenophon said it": Yerevan to host Beer Festival
Armenia increases exports of finished products to EU - minister Armenia increases exports of finished products to EU - minister 
Armenia`s brandy and winemaking industry in crisis - economist Armenia`s brandy and winemaking industry in crisis - economist 
Armenia, Iran discuss progress of infrastructure projects  - MTAIArmenia, Iran discuss progress of infrastructure projects  - MTAI
From August 11 to 15, 2025, Armenia`s interbank foreign exchange  market saw an increase in dollar transactions and a decrease in ruble  transactionsFrom August 11 to 15, 2025, Armenia`s interbank foreign exchange  market saw an increase in dollar transactions and a decrease in ruble  transactions
Armenia`s state debt increased by $1 billion 256 million in 7 months,  exceeding $14 billion.Armenia`s state debt increased by $1 billion 256 million in 7 months,  exceeding $14 billion.
Over the clouds with AraratBank`s Mastercard World Travel CardOver the clouds with AraratBank`s Mastercard World Travel Card
Electric Networks of Armenia informs about initiating  preliminary  market study for procurement of cleaning servicesElectric Networks of Armenia informs about initiating  preliminary  market study for procurement of cleaning services
Armenia to host 24th meeting of Coordination Council of Heads of Tax  (Financial) Investigation Bodies of CIS Member States Armenia to host 24th meeting of Coordination Council of Heads of Tax  (Financial) Investigation Bodies of CIS Member States 
DigiTec 2025 presents `top ten` speakers of year`s main technological  event DigiTec 2025 presents `top ten` speakers of year`s main technological  event 
Expert on Armenia`s potential economic benefits from `Trump route` Expert on Armenia`s potential economic benefits from `Trump route` 
Armenia consistently advocates for compliance with fundamental  principles laid down in Treaty on EAEU - vice-premierArmenia consistently advocates for compliance with fundamental  principles laid down in Treaty on EAEU - vice-premier
Yerevan to host Armenia-EAEU international conferenceYerevan to host Armenia-EAEU international conference
Read more
Exchange rates
26.08.2025
RUB4.750.01
USD382.51-0.31
EUR445.43-2.01
GBP515.51-0.91
CAD276.20-0.56
JPY25.92-0.05
CNY53.43-0.06
CHF474.64-2.33