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.