Yerevan-based construction and development company has recently announced a high demand for construction projects in the city, leading to shortages. During a press conference on December 4, President Garik Baghdasaryan of the State Committee for Urban Development explained that adjustments have been made to complete ongoing projects due to the implementation of the overall construction plan. Baghdasaryan mentioned that if these projects are finished, the demand will double. To address this, additional funds have been allocated for reconstruction. The completion of two construction projects, including the installation of gas systems, has already taken place, with plans to equip the remaining areas.

Furthermore, Baghdasaryan revealed that new membership fees have been established for new members. This decision ensures that there will be no shortage of general members, and the funds used for constructing the installations will be returned. In terms of gas, only connection fees will be charged and defined by April 1 to allow for the return of these funds.

Yerevan’s construction sector is currently facing a high demand that exceeds supply, causing shortages within the city. During a press conference on December 4, Garik Baghdasaryan, the President of the State Committee for Urban Development, addressed this issue. He explained that adjustments have been made to ongoing projects as part of the overall construction plan, and additional funds have been allocated to ensure their completion. Baghdasaryan emphasized that if these projects are finished, the demand for construction will double.

To address the shortage, measures have been taken to increase the amount of funds allocated for reconstruction. Two construction projects have already been completed, which included the installation of gas systems and meters. The remaining areas will also be equipped with new gas installations. Baghdasaryan announced that new membership fees have been set for new members, ensuring a consistent flow of general members and the return of funds used for construction. Regarding gas connections, only connection fees will be charged, with the exact amount to be determined by April 1 for the purpose of fund reimbursement.

Overall, these developments highlight the growing demand for construction projects in Yerevan and the efforts being made to meet this demand. With the completion of ongoing projects and the implementation of comprehensive solutions, the construction sector is poised to make significant strides in the coming months.