Yerevan Underground Celebrates The 25th Anniversary

YEREVAN UNDERGROUND CELEBRATES THE 25TH ANNIVERSARY

YEREVAN, MARCH 10. ARMINFO. On March 11 the Yerevan
Underground(Subway) aft.

K. Demirchyan CJSC will celebrate its 25th anniversary by an official
opening and a concert at Arno Babajanyan Concert Hall.

In an interview to ARMINFO, Director of the Underground ( Subway)
Vahagn Hakobyan mentioned that nearly 800 million people has been
using underground ways starting from the day of its
foundation. According to his data, the daily number of passengers is
50 000 people, with 6,000 of them being exempts.

Despite the one way ticket payment is 50 drams, the cost value is 92
drams, he underlined. V. Hakobyan stated that the remaining 42 drams
are subsidized by the RA State Budget. Thus, in 2005 the subsidies
made up 697 million drams, in the current year this figure will be
increased by 177 million drams. V.

Hakobyan mentioned also that the wages fund of underground personnel
was increased by 11 million drams in January 2006 due to the
assistance of Yerevan Municipality, which became the 100% shareholder
of the Underground in accordance with a relevant Governmental
decision. Since January 2006 the wages of the employees increased by
20%, and the average wages are now 54 000 drams.

According to V. Hakobyan, introduction of an electronic card system
instead of the present token system is currently settled, as well as
acquisition of new equipment, and water draining problem and
automation of all systems are being considered. 400 mill drams are
necessary for settlement of all the above problems, V. Hakobyan
says. For this purpose the Yerevan Underground is negotiating with
World Bank, RA State Government and Yerevan Municipality. The director
mentioned that during 2005 Underground CJSC received 145 million of
the 400 million with help of the Municipality. In fact, two escalators
were repaired. V. Hakobyan said under the Master Plan of Yerevan in
2010 a new underground station “Ajapnyak” will be put into
exploitation, with some $5 million have already been spent on the
construction. Three more stations will be put into operation by 2020.

At present 10 underground stations are operating in Yerevan with the
railway runs 12.1 km. The number of employees of “Yerevan Underground
CJSC aft K.

Demirchyan is 1,200 people, including 55 having 20 year of length of
service and 100 have been working in the infrastructure since the very
day of its operation on March 7, 1981.