BAMO TO FINISH RECONSTRUCTION OF CONCERT AND SPORT COMPLEX RENOVATION BY SEPTEMBER

YEREVAN, JANUARY 17, ARMENPRESS:The Moscow-based construction group BAMO, owned by an ethnic Armenian businessman, Murad Muradian, said the reconstruction of the Karen Demirchian Sport and Cultural Complex, Yerevan’s largest and most imposing buildings, will be over by next September . The company paid $5.4 million to become the owner of the complex in 2005. Vahagn Gevorkian, deputy director of the complex, told Armenpress that the renovated complex will have a modern heating system and all its infrastructure and facilities will be replaced by modern ones. The complex will have also a skating-rink and contemporary stages. The Sport and Cultural Complex was built at the initiative of Karen Demirchian (late t Soviet ruler of Armenia, killed in 1999 October 27 attack on the parliament) in 1983 and became one of the modest modern Soviet facilities of its kind. BAMO pledged to invest $10 million to get the building into shape.