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).