YEREVAN, June 12. /ARKA/. A $300-million investment project for carrying out construction on areas in Firdusi Street near the Republic Square in Yerevan was discussed Friday in Armenia's urban planning ministry with representatives of builder companies and banks, the ministry reports on its website.



It was said at the meeting that a 85 square meter round square is planned to be built on the five-hectare territory with a multistage underground parking.



New streets, public and service facilities as well as business centers and hotels will be built here.

Architects will preserve all nearby houses that are architectural monuments. New buildings wil have five to seven floors.



The project is believed to be implemented in three or four years.



Urban Planning Minister Narek Sargsyan called on investors to invest their money in this important project. --0-----





21:16 12.06.2015