YEREVAN. – Greek Teotek company plans to elaborate and implement a project regarding automatic underground parking construction in Yerevan downtown, city hall press service informs Armenian News-NEWS.am.

Representatives of the company met with Yerevan Mayor Karen Karapetyan and discussed issues regarding the prospective collaboration between the city hall and the company. Executive director of Teotek represented the major spheres of their operation: high technologies, automatic management of parking, healthcare, hotels and public services.

The sides concluded a memorandum at the end of the meeting. Realization of the program includes all infrastructures of the city. After the project draft report is ready the sides will start negotiations on investments.