  Lincy Foundation to Allot $60 Million for School and Road RepairNovember 14, 2005 - 15:35 AMT PanARMENIAN.Net - The Armenian National Assembly has ratified the second memorandum on mutual understanding concluded by the Armenian government and Lincy Foundation. According to the memorandum, the Foundation will allot about $60 million for the repair of roads and schools in Armenia. The works should be finished no later that September 30, 2008. The first memorandum was signed on November 20, 2000. The total cost of the program financed by the Foundation in 2001-2003 made $150 million. To remind, American multi-millionaire of Armenian origin Kirk Kerkorian is the constitutor of the Lincy Foundation.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news IDBank, Dalma team up for Caucasian Deer Reintroduction Program  IDBank has joined Dalma Garden Mall’s Green Challenge to support the Caucasian red deer reintroduction project.Through Ucom’s support the 12th Sunchild Festival concludes On May 24-28, with the support of Ucom, the 12th international environmental festival Sunchild took place in Yerevan.U.S., Turkey emphasize importance of Armenia-Azerbaijan peace deal Jake Sullivan and Akif Cagatay Kilic have discussed the normalization process between Armenia and Azerbaijan.Armenia coach expects good football in Slovenia friendly The Armenian national team has left for Ljubljana a friendly match against Slovenia on June 4. |
