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EBRD To Allocate EURO 15 Million To Yerevan Underground Railway Reco

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  • EBRD To Allocate EURO 15 Million To Yerevan Underground Railway Reco

    EBRD TO ALLOCATE EURO 15 MILLION TO YEREVAN UNDERGROUND RAILWAY RECONSTRUCTION

    PanARMENIAN.Net
    09.03.2010 16:47 GMT+04:00

    /PanARMENIAN.Net/ European Bank of Reconstruction and Development will
    allocate EURO 15 million to Yerevan underground railway reconstruction.

    Within underground railway reconstruction project, Armenian Minister
    of Finance Tigran Davtyan and head of EBRD Yerevan office Valeriu
    Razlog will sign a loan agreement on March 10, 2010.

    To increase effectiveness of reconstruction program, contracts on
    program support with Yerevan Mayor's Office and program agreement
    with Yerevan Underground Railway CJSC are also envisaged.

    The EBRD, owned by 61 countries and two intergovernmental institutions,
    is supporting the development of market economies and democracies in
    countries from central Europe to central Asia.
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