Syunik Marz, Armenia - February 19, 2026

The Territorial Development Fund of Armenia has announced a major contract award for the construction of the Shaki Educational Complex in Syunik region. The awarded tender, referenced HTDF-DBM-ASHZB-2024/49-3 (TOT Ref No: 24520466), carries a total contract value of AMD 1,157,700,000.

The government contract was signed on February 19, 2026, marking a significant milestone in Armenia’s regional education infrastructure development program.

Contract Details and Scope

The project covers full construction works for the Shaki Educational Complex in Syunik Marz, aimed at improving educational facilities and learning environments in the region.

The procurement procedure was conducted under BM (Purchase Procedure BM), with an AVC code of 04225743. The contract amount with available funds is listed at AMD 300,000,000, while the total awarded value stands at AMD 1.15 billion.

The scope is expected to include :-

• Construction of modern classroom buildings

• Installation of essential utilities and infrastructure

• Compliance with national construction and safety standards

• Development of educational support facilities

Entities Involved

The procuring authority, Territorial Development Fund of Armenia, plays a central role in implementing regional development and infrastructure projects across the country.

The contract was awarded to ART PLAS LTD, an Armenia-based construction company. Securing this awarded tender strengthens the company’s footprint in public sector infrastructure and government construction contracts.

Strategic Importance

This contract award represents a substantial investment in Syunik Marz’s educational infrastructure. The development of a new educational complex in Shaki is expected to:

• Enhance access to modern learning facilities

• Support regional socio-economic development

• Create short-term construction employment opportunities

• Improve long-term educational outcomes

Infrastructure upgrades in rural and regional Armenia remain a policy priority, particularly in strengthening community resilience and balanced territorial development.

Conclusion

With this AMD 1.15 billion construction contract, Armenia advances its commitment to modernizing public education facilities. As implementation begins, the Shaki Educational Complex is poised to become a key community asset in Syunik Marz, reflecting broader national efforts in public infrastructure investment and transparent procurement practices.

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