Thursday, December 24 2020 13:17
Alexandr Avanesov

AMD 3.6 billion to be allocated to co-finance economic and social  infrastructure development programs in Armenia

AMD 3.6 billion to be allocated to co-finance economic and social  infrastructure development programs in Armenia

ArmInfo.3.6 billion drams will be allocated from the state budget to co-finance programs for the development of the economic and social infrastructure of Armenian  communities. The decision was made at the meeting of the RA  government on  December 24.

As Minister of Territorial Administration and Infrastructures of the  Republic of Armenia Suren Papikyan noted in his speech, at present,  150 subvention programs, implemented in 116 communities of the  republic, are nearing completion. This amount is necessary for the  government to fulfill its obligations to contractors.  In total, in  2020, within the framework of the implementation of subvention  programs, 10 billion drams were allocated from the state budget, but  in fact, the volume of work exceeded this amount by 4.5 billion  drams. Thus, taking into account these 14.5 billion drams and  investments of local self-government bodies and individuals in  co-financing programs for the development of economic and social  infrastructure, the total volume of investments has almost doubled  and will amount to about 29 billion drams by the end of the year.

In turn, Deputy Prime Minister of Armenia Tigran Avinyan noted that  the volume of funding for joint programs with communities is growing  every year. This year, despite the coronavirus and hostilities, they  will exceed the volume of 2019 by AMD 5-6 billion. This pace,  according to the Deputy Prime Minister, will continue in 2021.

As a reminder, the RA government began the process of providing  subventions to communities in 2018. In total, 700 subvention programs  have been approved aimed at repairing streets, gardens, parks,  playgrounds, construction and repair of public buildings, houses of  culture, kindergartens, construction and repair of drinking, sewage  and irrigation water pipelines, night lighting, gasification of  residential buildings.