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Negotiations Being Conducted With World Bank Around Financial Assist

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  • Negotiations Being Conducted With World Bank Around Financial Assist

    NEGOTIATIONS BEING CONDUCTED WITH WORLD BANK AROUND FINANCIAL ASSISTANCE TO PROGRAM ON DEVELOPMEMT OF YEREVAN SUBWAY

    Noyan Tapan
    April 7, 2008

    YEREVAN, APRIL 7, NOYAN TAPAN. The Yerevan subway development program
    envisages repairing moving staircases of the subway stations and
    transit vehicles this year with 1.7 billion drams allocated from the
    state budget.

    Besides, as Yerevan mayor Yervand Zakharian said at the April 7 press
    conference, negotiations are currently being conducted with the World
    Bank on the issue of funds needed to increase the number of subway
    stations in the coming years.

    Speaking about the March 1-2 events, Y. Zakharian said that as a result
    of these events, damage of 68 mln drams (about 220.8 thousand USD)
    was done to buildings and property of state importance in Liberty
    Square, the square adjacent to the mayor's office, the administrative
    area of Kentron community, and several other streets.
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