YEREVAN SUBWAY TO BE ENLARGED

ARKA
April 7, 2008

YEREVAN, April 7. /ARKA/. Enlarging Yerevan subway is a priority of the
capital’s transport development plan for 2008, Yerevan Mayor Yervand
Zakharyan said. "Transport network is a small one in Yerevan. There
is no alternative to enlarging the subway network," the Mayor told
a Monday news briefing.

The Armenian Government allocated a subsidy of AMD 1.7bln for
additional preparation efforts. Zakharyan said the Mayor’s Office
is currently assessing the state of incompletely constructed subway
stations to set a corresponding action plan. They are negotiating
with the World Bank now to get a loan for the construction of new
subway stations.

As Zakharyan had earlier said they expected to get $60mln from the
World Bank.

Yerevan subway was founded in 1981. With ten stations operating
currently its total length is 13.4 kilometres. ($1 – AMD
308.31).