Investment Projects, Business Armenia Artek Resort and Adventure Park Complex | Page 18

Roles and Responsibilities
Party
Development Foundation of
Armenia (DFA)
Implementing Agency
(chosen by private investor)
Involvement
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 “One stop shop” services for investors

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 Accounting and auditing
Oversight implementation and management
Secure technical and environmental approval
Ensure compliance with covenants
Invite bids and prepare bid evaluation reports
for investor approval
Award contracts
Oversee work of contracts
Reporting



Private Investor
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Coordination between parties
Providing risk mitigation
Ensure financial support
Oversight according to the finance/loan
agreements
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