
ArmInfo. A sports village will be built in the Jrvezh community of Armenia's Kotayk Province to host the Summer and Winter Pan-Armenian Games. At its April 9 meeting, the Armenian government decided to provide assistance to the World Pan-Armenian Games Committee during the first 60 months of the investment program.
As Deputy Prime Minister Tigran Khachatryan noted in his speech, the project itself consists of three phases. During the discussion of the first phase, which will last five years, it became clear that the Committee will not be able to fully implement the project during this period using its own funds and donations, but this will become possible in subsequent years. Therefore, the options of either direct financial assistance or land and property rent exemptions were discussed. Based on these results, a decision was made to allocate funds from the country's state budget annually for the next five years to address the issue of rent payments. Over the next five years, the total state allocation will be approximately 165 million drams (35 million drams annually).
It should be noted that the rationale for the draft decision states that the sports village will be located on a 23.3-hectare site within the reserve and park complex. This site is being granted to the Pan-Armenian Games Committee for a period of 50 years. The investment program envisages the creation of a sports village for the Pan-Armenian Games, which will not only serve as a residence for athletes during the Games but also host various youth events, including accommodation for Armenian Diaspora students, multidisciplinary Armenian-Diaspora cooperation programs, and recreation and entertainment. The total budget for the program will be approximately 20.9 billion drams.
The project will be implemented in three stages, the completion of which is expected to result in the creation of a modern sports village with a capacity of up to 6,000 people. The project will also create approximately 1,240 new jobs. It is also planned to plant approximately 20,000 trees. The initial stages of construction will include eco-friendly cottages, a cafeteria, and a medical center, as well as infrastructure improvements.