ARMIMPEXBANK CJSC TO FINANCE ACQUISITION AND DELIVERY TO ARMENIA OF 55 ZONDA MODEL BUSES

arminfo
2008-04-18 14:21:00

ArmInfo. Fifty-five comfortable ZONDA buses will soon be serving
passengers throughout Yerevan streets, Ameria consulting company
told ArmInfo.

Thus, the principal means of public transportation in Armenia are
buses, trolleybuses, minibuses and metro, with minibuses being the most
popular and holding about 80% share of total transportation services.

The estimated growth of the number of vehicles in the capital
totals to 9,000-10,000 per year, thus making the traffic even
more difficult. Taking all that into account, the city municipality
adopted a policy of increasing the number of buses and simultaneously
decreasing that of minibuses in city routes.

One of the pioneers in switching some of the routes from minibuses to
buses is TIGRAN LLC, one of the major transport operators in Armenia.

To support the program implementation process, Tigran LLC contracted
Ameria CJSC, a leading investment advisor in Armenia. Based on the
Client’s objectives Ameria specialists elaborated an investment
project, based on which a loan of about US $3’000’000 was funded by
ARMIMPEXBANK CJSC to finance acquisition and delivery to Armenia of
55 ZONDA model buses.

During the first phase of the project, 10 ZONDA buses will replace
21 GAZEL minibuses and 4 PAZ buses. The second phase provides for
45 more ZONDA buses to be imported to Armenia and replace 103 GAZEL
microbuses. In addition to significant improvement of traffic in
the city, these buses were chosen for their efficiency, safety and
environmental safety.