NAGORNO KARABAKH SEEKS INVESTORS TO REALIZE 91 MILLION IRRIGATION PROJECTFebruary 8, 2001 - 15:42 AMT PanARMENIAN.Net - 08.02.2001, MEDIAMAX, YEREVAN. Armenian scientific-research institute "Armhydroproject" suggested the NKR Ministry of Agriculture a project of constructing in Nagorno-Karabakh an irrigation system, valued 91 million dollars. 55 million dollars of the total are envisaged for constructing the reservoirs, and 36 million dollars - for creating the irrigation network, as NKR Minister for agriculture Armo Tsatourian told Mediamax.Realization of the project will increase the productivity of cereals, vegetables and fruit by several times, which will allow not only to provide the Nagorno-Karabakh population fully with ecologically clear agricultural products, but to export them partially as well. As regards the financing of the project, which amounts to almost four annual budgets of NKR, Tsatourian noted that in case the project is realized, the republic will be able to get agricultural gross output, valued 38.8 million dollars annually, of which 19.8 million will be the net income. According to the NKR Minister of Agriculture Armo Tsatourian, thanks to the sharp increase of the agricultural production, all the expenses for the construction of the irrigation system will be compensated in several years. Thus, the Minister expressed hope that investors both from the CIS countries and abroad would become interested in the project. --0-- Top stories Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Partner news | Ucom’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices. About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. |