Investment Projects, Business Armenia Forest Lake Resort & Spa | Page 12

Financial Plan and Projections
Total investment:
 15 million USD
 Hotel construction 5.7 million USD
 Furnishing 2.8 million USD
 Dam construction 3 million USD
 HES construction (2 units) 1.6 million USD
 Other expenses 1.9 million USD
This is only preliminary forecasted financial plan; more detailed plan will be conducted by the
private consulting company.
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