YEREVAN. – The construction of Old Yerevan district will start this fall, Minister of Urban Development Narek Sargsyan said.

The “Old Yerevan” complex will be built on the territory between the central streets of Yerevan. The buildings will have two underground floors, three floors above ground and an attic. A hotel will be built near the complex.

As stated by Armenian PM Hovik Abrahamyan, investments in the project may reach $120-130 million.