New funicular to boost development of tourism in Armenia's south
PanArmenian.Net - Thursday 12th October, 2017
PanARMENIAN.Net - A funicular will be built in the Armenian community of Khndzoresk which is widely famous for its canyon with picturesque rock formations and an ancient cave settlement.
An initial batch of $6.1 million will be invested in the project which will benefit the development of tourism in the region.
The issue was discussed at a meeting of minister of economic development and invesments Suren Karayan, as well as representatives from ArmHydroEnergyProject and Garaventa AG.
The minister hailed the agreement as a means of enhancing the attractiveness of the whole province of Syunik in Armenia's south.
The region, by the way, hosts a number of tourist sites, including ancient monasteries, natural monuments, forest reserves, as well as the Zorats Karer, which is believed to be a prehistoric archaeological site.
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