President of the National Olympic Committee of Armenia Gagik Tsarukyan has announced a plan for funding an Olympic center development project in a sporting resort.
A new, superpowerful and ultramodern sporting complex will be constructed in Tsaghkadzor (Kotayk region) based on a local branch of the Yerevan State Sports College of Olympic Reserve.
The Committee’s secretary general, Hrachya Rostomyan, had earlier invited specialists to hear also their proposals. The new complex will be equipped with state-of-the-art facilities, sporting grounds and gyms adjusted to different trainings and sporting events.
It will also have a recreation and leisure zone with vast parks, a cinema hall, and special rooms for rest.
The entire center will have a total area of 3 hectares.
Tsarukyan has promised invest 25-30 billion Armenian Drams (approx $500,000-$600,000) in the project.

Hayastan All-Armenian fund raised $12,505,456 in its annual 2017 telethon aired live for 24 hours from November 23 to 24.
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The joint Russian-Armenian investment fund opened in Yerevan on Saturday in an official ceremony attended by Prime Minister Karen Karapetyan and several dozen Armenian businessmen from the Russian Federation.
YEREVAN, January 26. /
American actor, comedian and filmmaker Tom Hanks has made a special video for inviting everyone to join Children of Armenia Fund Gala. The charity event will take place on December 9 in Cipriani 42nd Street, New York. 60-year-old artist calls to be part of COAF 13th annual Holiday Gala and support children of Armenia.
YEREVAN—The Hayastan All-Armenian Fund’s 19th annual International Telethon raised $15.428.777 in donations and pledges. Proceeds from the pan-national event, which took place on November 24 under the slogan “My Artsakh,” will benefit the rebuilding of war-ravaged communities in Artsakh, emergency and disaster preparedness for Artsakh, and the construction of homes for Artsakh families with multiple children. In addition to these initiatives, donor-specified projects as well as projects within the framework of the fund’s core development programs will continue to be implemented in Armenia and Artsakh.
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In solidarity with the wounded people of Nagorno Karabakh, the Armenian Fund of France called the French-Armenians to mobilize by sending their donations via: