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Prime Minister Karen Karapetyan toured the Kumayri Historical Center today, followed by a consultation held at the Gyumri Town Hall to discuss the development of the Historical Center.

As the governmental press service reported, the Premier was informed on the work being done to restore infrastructures in Shiraz and adjacent streets in the Historic Center. Karen Karapetyan instructed those responsible to submit within a week’s time a clear-cut and accurate timetable for construction activities.

“You need to resume work as soon as possible, especially as the weather conditions allow it. Infrastructures should be restored in accordance with modern standards,” the Prime Minister emphasized.

The meeting referred to the need for attracting investments on the part of Kumayri Revival non-public contractual specialized investment fund, acquiring the real estate available at the Center’s site, as well as the zoning of the Kumayri Historical Center. The Premier suggested that once completed, it should be presented to investors and residents of Rustaveli, Shiraz and other streets.

Rehabilitation work in other streets was said to start next spring, using funds available from the European Bank for Reconstruction and Development (EBRD).
To remind, Kumayri development project implies creation of arts, crafts and entertainment centers in the historical center of Gyumri, Armenia’s second biggest city, that once served as a trade crossroad for different nations. The area was also famous as an educational and scientific center.

The project implies realization of various business programs, with an active and attractive environment provided for tourists and pedestrians. 7,700 square meters will be used as a business area to bring different ideas to life. The project was drafted based on cross-country know-how.