Friday, June 18 2021 14:25
Alina Hovhannisyan

Several investment projects on sustainable development will be  implemented in Gegharkunik until 2025

Several investment projects on sustainable development will be  implemented in Gegharkunik until 2025

ArmInfo. In Gegharkunik region, a program has been launched to implement investment projects with a total value of 1.16 billion drams until 2025. A similar agreement was  reached within the framework of the signing of a Memorandum of Intent  between the Ministry of Economy of Armenia and the Foundation  of Regional Development and Competitiveness.

According to the press service of the Ministry of Economy, within the  framework of cooperation, a comprehensive program for the development  of the communities of Gegamavan, Ddmashen, Zovaber, Tsakhkunk, as  well as the territories covering the settlement of Gagarin of the  Sevan community will be developed and implemented. The projects will  be based on a public-private partnership scheme.

The main directions of the program: competitive educational  ecosystem, high-quality living environment, sustainable economic  development.

It is expected that the implementation of the program will provide an  opportunity to form communities with sustainable development and  innovative lifestyles that will contribute to the well- being of  residents and enhance their creativity.

As part of the memorandum, the Ministry of Economy undertakes to  initiate or resolve issues related to the construction or  modernization of the necessary infrastructures. The Foundation,  through its own funds, will ensure the implementation of the work  included in the research phase. It is also reported that a working  group will be created to organize and agree on the planned work.

To recall, on May 5, acting Minister of Economy Vahan Kerobyan  visited the Tsaghkunk community of Gegharkunik region to get  acquainted with the details of the "Gagarin Project" implemented by  the Foundation of Regional Development and Competitiveness

It was noted that within the framework of this project, the  reconstruction of the center of the Tsaghkunk community of  Gegharkunik region is expected. Roads will be restored, a park, a  tourist information center and other service infrastructure will be  built.