IDBank supports reconstruction of Spandaryan Canal; commemorative plaque signed to mark project
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IDBank press release
As part of the Spandaryan Canal reconstruction project, IDBank Chairman of the Management Board Mher Abrahamyan signed a commemorative plaque that will be incorporated into a future sculpture․
The Hayastan All-Armenian Fund's project is being implemented within the framework of the 2025 “Homeland Forever” fundraising campaign, with support from Armenia and the Diaspora. As part of its corporate social responsibility initiatives aimed at community development, IDBank has allocated AMD 10 million to the project, contributing to its implementation.
The project aims to restore irrigation access to agricultural land in six villages of the Sisian community. Upon completion of the works, irrigation will be restored to approximately 2,800 hectares of agricultural land, directly benefiting 730 families.
IDBank Chairman of the Management Board Mher Abrahamyan emphasized the project's importance for the long-term development of communities.
“It is extremely important for us to support projects that are of strategic significance to the development of our country and its communities. The reconstruction of the Spandaryan Canal is an important investment in the long-term development of rural communities. We are confident that initiatives like this strengthen the foundations for community development and contribute to building a sustainable future for them,” Mher Abrahamyan noted.
“The reconstruction of the Spandaryan Canal will create new opportunities for 730 families to cultivate their land and earn a stable income from agriculture. The support mobilized across Armenia and the Diaspora for this project demonstrates what we can achieve through joint efforts. We thank IDBank for joining this important initiative and making a tangible contribution to community development,” said Aramayis Avetisyan, Executive Director of the Hayastan All-Armenian Fund.
During the meeting, the parties also discussed potential areas for future cooperation and opportunities to support new socio-economic projects.
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