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EIB TO ASSIGN $5MLN FOR YEREVAN METRO REHABILITATION PROJECT
PanARMENIAN.Net
August 10, 2010 - 15:15 AMT 10:15 GMT
The European Investment Bank signed a $5mln loan agreement with
Armenia for implementation of Yerevan Metro Rehabilitation project.
As reported by the press office of the RA Ministry of Finance, the
sum is a part of a $15mln project envisaged for implementation of the
first stage of the project. The loan will be provided for 15 years
with 4 year grace period.
According to an agreement concluded on March 10, 2010, the European
Bank for Reconstruction and Development will allocate another $5mln
in the framework of Neighborhood Investment Program.
The project consists of the addressing the problem of the water
ingress into the metro tunnels, modernization of the infrastructure
and refurbishment of the rolling stock.
From: A. Papazian
PanARMENIAN.Net
August 10, 2010 - 15:15 AMT 10:15 GMT
The European Investment Bank signed a $5mln loan agreement with
Armenia for implementation of Yerevan Metro Rehabilitation project.
As reported by the press office of the RA Ministry of Finance, the
sum is a part of a $15mln project envisaged for implementation of the
first stage of the project. The loan will be provided for 15 years
with 4 year grace period.
According to an agreement concluded on March 10, 2010, the European
Bank for Reconstruction and Development will allocate another $5mln
in the framework of Neighborhood Investment Program.
The project consists of the addressing the problem of the water
ingress into the metro tunnels, modernization of the infrastructure
and refurbishment of the rolling stock.
From: A. Papazian