Fundraising for Armenia Fund Telethon 2011 concluded Wednesday evening with an announcement of $18.6 million pledged during Armenia Fund’s annual Moscow Gala.

The funds raised will be combined with the $12.3 million pledged during last month’s Thanksgiving Day Telethon, bringing the total money raised during this year’s telethon to $31 million.

These figures also include the 12th European fundraising phonathon held earlier in France by the All-Armenian Fund which received a promise of 1.3 million Euros ($1.7 million).

Major donors from Armenia included Vallex Group ($200,000), Zangezur Copper Molybdenum Factory ($500,000) and another $200,000 was promised by businessman MP Samvel Alexanian.The largest commitment at the Moscow Gala came from Argentinian-Armenian businessman Eduardo Eurnekian, who pledged to donate $11 million.

The bulk of the money will be used for improving drinking water supplies to more Karabakh villages and implementing similar rural infrastructure projects in Armenia.

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