Local Economy and Infrastructure Development Project

The development objective of the Local Economy and Infrastructure Development Project for Armenia is to improve infrastructure services and institutional capacity for increased tourism contribution to local economy in selected regions of Armenia. The project comprises of three components. The first component, heritage hub regeneration and tourism circuit development will comprise of four sub-components: (i) heritage hub regeneration; (ii) development of the tourism circuits; (iii) public-private investment (PPI); and (iv) project management, designs, and construction supervision. The second component, institutional development will increase the institutional capacity and performance of the Development Foundation Armenia (DFA), Ministry of Economy (MoE), the Historical and Culture Heritage Protection Agency (HCHPA), project implementing entity and other local and regional entities. The third component, contingent emergency response (CER) can be used to channel additional funds should they become available as a result of the emergency.