ARMENIAN COMPANIES START NEGOTIATIONS ON PARTICIPATION IN<br /> CONSTRUCTION OF OLYMPIC FACILITIES IN SOCHI<br />


ARMENIAN COMPANIES START NEGOTIATIONS ON PARTICIPATION IN
CONSTRUCTION OF OLYMPIC FACILITIES IN SOCHI

  • 12-04-2008 14:00:00   | Armenia  |  Economy
YEREVAN, APRIL 12, NOYAN TAPAN. A lot of construction, design and building material manufacturing companies of Armenia have started negotiations on participation in construction of Olympic facilities in Sochi, the chairman of the Union of Builders of Armenia Gagik Galstian announced on April 11. According to him, some Armenian construction companies making part of joint ventures have already begun construction work in Russia and Ukraine. G. Galstian said that in the Soviet time the construction was done by using precast reinforced concrete structures, whereas a united construction method is used now, which is considered as more earthquakeproof and suitable for decoration of buildings. According to him, the annual construction growth has made at least 15% in Armenia in the past few years. House-building makes up about 60% of the total construction volume, while the rest is construction of social and production facilities (mainly those of mining, metallurgical sectors and food industry).
  -   Economy