Modern Rebuilding Efforts
The government of Armenia budgets about $2.8 million annually for sports, and gives it to the National Committee of Physical Education and Sports, the body that determines which programs should benefit from the funds.
Due to the lack of success lately on the international level, in recent years, Armenia has rebuilt 16 Soviet-era sports schools and furnished them with new equipment for a total cost of $1.9 million. The rebuilding of the regional schools was financed by the Armenian government. About $9.3 million has been invested in the resort town of Tsaghkadzor to improve the winter sports infrastructure, because of dismal performances at recent winter sports events. In 2005, a cycling center was opened in Yerevan, with the aim of helping produce world class Armenian cyclists. The government has also promised a cash reward of $700,000 to Armenians who win a gold medal at the Olympics. Rector of the Yerevan State Institute of Physical Culture Vahram Arakelian believes that Armenia will produce Olympic champions in 2016, because by that time “the work of new coaches and their influence on their trainees will be seen.”
Read more about this topic: Sport In Armenia
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