Thursday, March 1 2018 17:18
Naira Badalian

Armenian government approved the concept of the "Smart City"

Armenian government approved the concept of the "Smart City"

ArmInfo.  The Armenian government at  the meeting on March 1 approved the concept of creating the "Smart  City". The document, Vahan Martirosyan, Minister of Transport,  Communications and IT of Armenia stated, establishes a vision,  purpose, as well as the foundations and directions for the creation  of the "Smart City" and the expected results.

In particular, according to the minister, "Smart City" is seen as a  continuously developing urban settlement, where modern technological  solutions are used to provide conditions for the safe and comfortable  life of citizens and visitors of the city. At the same time,  effective implementation of various development programs is envisaged  to equally meet the needs of different social groups, taking into  account all possible man-made risks arising from human activities and  climate change.

In general, Vahan Martirosyan explained, the goal of the concept is  to solve problems and confront challenges on the basis of innovative  approaches, as well as ensure stable urban development and  participation of citizens in the management and development of the  city. It is also expected to form a secure urban environment with the  use of the latest IT solutions.

According to the draft decision, the financing of the Concept is  considered possible in accordance with the procedure established by  the RA Law "On Local Self-Government Bodies", as well as due to  foreign investments and other sources not prohibited by law.

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10 billion

Volume of T-bills for placement

200 million

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200 million

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Maximum yield

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