The German Development Bank (KfW), which is financing the construction of the Arpi Lake national park in Shirak, Armenia, will allocate the funds, €2.200m, by instalments, RA Ministry of Nature Protection press secretary Hasmik Mkrtchyan told NEWS.am.

According to her, the funds to be allocated this year are intended for the infrastructure, including the central office, guest house, center for the visitors, etc. A number of community development projects - cattle breeding, bee-farming, as well as tourism development ones - will be implemented.

The construction is to be completed on June 30, 2011, Mkrtichyan said.

World Wildlife Fund (WWF) Armenia Director Karen Manvelyan stated that the German bank has already provided about €300, 000, with the rest amount (€1,300,000) to be allocated by instalments.