416.15 EUR 
538.29 RUR 
Yerevan Mayor confident of success of metro reconstruction project second stage
YEREVAN, February 28. /ARKA/. Yerevan Mayor Taron Margaryan expressed confidence that the second stage of the Yerevan Metro reconstruction and modernization project will record success like the first one. Margaryan made this statement Wednesday at his meeting with the EBRD management in Yerevan.
A total of 15mln euros were provided by the EBRD, European Investment Bank and the EU for the first stage of the project that started in 2010.
“It’s not a secret that metro is a safe and ecological means of transport all over the world, and we attach great importance to implementation of this project to ensure safety of our residents”, the Mayor said as quoted by his press service.
The EBRD deputy director for municipal and environmental infrastructure Lin O’Gredy expressed their gratitude to Yerevan Mayor’s office for successful cooperation and readiness to continue the project.
The sides discussed also issues on improvement of water supply and sewerage and solid waste problems. An agreement was reached to set up a working group for comprehensive and professional discussion under the project.
In 2012, the EBRD extended a 5mln euros loan to Armenia for continuing the Yerevan metro rehabilitation project. Another 5 million euros will be provided in loan by the European Investment bank, and a 5mln euros grant will be given by EU Neighborhood investment instrument.
The first stage of the project helped increase reliability, power efficiency and safety of the metro.
Yerevan Metro after Karen Demirchyan was founded in 1981. Currently it has ten stations. The total length of the metro lines is 13.4 kilometers. –0--
13:17 28.02.2013
