Investment Projects, Business Armenia Forest Lake Resort & Spa | Page 13

Roles and Responsibilities
Party
Involvement
Development Foundation of Armenia
(DFA)


 ONE STOP SHOP services for investors
Coordination between parties
Providing risk mitigation

 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
Reporting
Helping with the acquisition of the land
Showing best possible areas for the
construction
Ensure financial support
Oversight according to the finance/loan
agreements

Implementing Agency
(chosen by private investor)


Tavush Regional Administration 



Private Investor 

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