Pashinyan proposes urban development project in Ajapnyak

Prime Minister Nikol Pashinyan, accompanied by senior government officials, including Speaker of Parliament Ruben Rubinyan, toured Yerevan on October 24, speaking with residents of the Ajapnyak administrative district, where he presented an idea for building a new residential district through an investment project, subject to residents’ consent.

Pashinyan said one possible approach would involve direct negotiations between investors and residents.

“A major investment project is needed, with investors coming in and negotiating directly with you, without the state getting involved. They could either buy your homes from you or commit to providing you with homes in a newly constructed building,” Pashinyan said.

Under the option he outlined, temporary accommodation for residents would also have to be provided during construction. The Prime Minister emphasized that residents’ consent would be a prerequisite, adding that this would make it possible to build a district based on an entirely new concept.