How to find money for metro (video)

A1 Plus, Armenia

For the construction of new stations of metro, economist, publicist Suren Sargsyan offers to establish a foundation called “Yerevan Metro”. He knows where from to find money.

He offers to direct one part of fines paid by drivers to the implementation of that project. Suren Sargsyan thinks that the state should also participate in the financing.

The speaker proposes to name still unused two stations of Ajapnyak after Charles Aznavour and Kirk Kerkorian, which will attract investments from the Diaspora.

Former Head Architect of Yerevan, Professor Gurgen Musheghyan reminded that it was planned beforehand that Yerevan would have 47 km long metro having 36 stations, yet today Yerevan metro is 12 km long having 10 stations.

According to former Head Architect of Yerevan, one metro station with all the conveniences will cost EUR 150 million, and for finishing the incomplete stations EUR 50 million is necessary.

Today’s speakers also noted that development of metro isn’t beneficial also for bus line owners, as they get large incomes.