16/01/2013 17:30
Bus production to be organized in Yerevan
A regular session of the government took place today. Prime Minister Tigran Sargsyan chaired the session.
The government allowed the State Property Management Department to lease the movable and immovable property (buildings, booths, water and sewerage pipes, cranes, etc.) located at 18 Mikoyan Street in Yerevan to MED A. KGmbH Company for a period of 35 years.
The annual lease payment for this property in the next 7 years was set at one million AMD, to be transferred to the state budget of Armenia. The lessee must organize the production of buses in the indicated area in accordance with the submitted business plan, investing a sum (in AMD) equivalent to $7 million in the next 7 years, in equal shares each year.