Wed, 23 July
30.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

ADB approves $1.3m initiative to help improve land resources management in Armenia

YEREVAN, April 12, /ARKA/. The Asian Development Bank (ADB) said it has approved a $1.3 million technical assistance (TA) initiative to support Armenia in developing a digital platform to host standardized data on land ownership and other geographic information to help improve land resources management.

Under the TA, international experts will support the government to develop a geospatial data platform capable of hosting, integrating, and managing information on land use, property ownership, and other cadastral data nationwide. The TA will also help develop standards to regulate how spatial data is collected and shared based on global best practice, ensuring this information is readily accessible to the public and local authorities.

“In Armenia, much of the land registry record keeping and other cadastral data is currently paper-based, which limits the government’s ability to manage and assess real estate and register the natural, economic, and legal status of those lands,” said ADB Armenia Country Director Paolo Spantigati. “An integrated geoportal will allow information sharing among different government agencies, improving land resources management and public services delivery.”

The current lack of digital, accurate cadastral maps also contributes to the poor implementation of infrastructure projects. With road projects, it is often difficult to choose alignment alternatives that minimize the requirement to resettle potentially affected people while land acquisition is often delayed, resulting in contractors not having full access to the site. Underground utilities such as water or sewage pipes often need to be reallocated when projects have begun based on inaccurate or outdated maps.

“The current lack of an integrated platform for easy and remote access to transparent and accurate land information creates inefficiencies in the real estate market and in policymaking around national land use,” said Cadastre Committee of Armenia Chairman Souren Tovmasyan. “We appreciate the ongoing support ADB provides to Armenia, which is aligned with the government’s strategy of developing an integrated digital cadastre. This is part of our shared vision of building a more inclusive, prosperous, and resilient economy.”

The integrated platform will include information on national water resources and forests, special protected natural areas, and historical and cultural monuments to guide development projects, investments, agricultural activities, and tourism development, among others. It will include gender-based data on land ownership, enabling the government to pursue development planning that benefits women as much as men.

The platform will enable areas that are vulnerable to climate change and natural disasters such as earthquakes—of which Armenia is particularly prone—to be mapped. This will improve the government’s ability to monitor and respond to climate change and land degradation.

The TA will be financed by grants of $500,000 from the Republic of Korea e-Asia and Knowledge Partnership Fund and $800,000 from the High-Level Technology Fund, both to be administered by ADB. The initiative is expected to be complete by September 2024. -0-

spot_img

POPULAR

Euro falls by 2.8 points against Armenian dram, meanwhile, US dollar and ruble decline slightly

As of July 16, 2025, the average market exchange rate of the U.S. dollar against the Armenian dram fell by 0.16 points compared to July 15, amounting to 383.96 drams.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

US dollar rises slightly against Armenian dram, euro and ruble fall

The average market exchange rate of the US dollar against the Armenian dram as of July 17, 2025, rose by 0.16 points compared to July 16 and amounted to 384.12 drams.

LATEST NEWS

spot_imgspot_imgspot_img