The new compound is situated in Abovian Street and is near the oldest building of the university built in 1922. Mr. Shahazizian said that the new building is built on the place of the old sports complex and the auxiliary buildings. The new building keeps in line with all modern criteria. It is being built thanks to the financial assistance rendered by the U.S. Union of Yerevan State University's Friends, RA Government and the University. The construction works cost about $1,5 million and the bigger part of the financial sources were allocated by the Yerevan State University. The new building has three stories, about 70 rooms, chairs and deans' offices. It is envisaged for 1500 students. The faculties of philosophy, psychology and philology will be moved to this new building. "We want to decrease the congestion of the buildings. There are buildings that aren't capable of standing
the large number of students," Mr. Shahazizian stated.

They need to renovate only the physics and chemists faculties in the main building of the Yerevan State University that is in Alek Manukian Street. Thus, the construction works of the university launched in the course of the latest two years will be completed. The biology faculty also needs to be renovated. Mr. Shahazizian added that the students should also take care for the buildings they are studying in.

The Yerevan State University envisages to renovate its resorts in Dilijan. In autumn the graduate students of the university will gather and the administration of the university plans to accumulate the required sum and replace the old cottages of the resort with new ones as soon as possible.