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Signature(s)

Amount
€ 10,000,000
Countries
Sector(s)
Armenia : € 10,000,000
Transport : € 10,000,000
Signature date(s)
10/08/2010 : € 5,000,000
10/05/2013 : € 5,000,000
Link to source

Summary sheet

Release date
1 March 2010
Status
Reference
Signed | 10/08/2010
20080629
Project name
Promoter - financial intermediary
Yerevan Metro Rehabilitation

Karen Demirchyan Yerevan Metro CJSC

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 10 million.
EUR 30 million.
Location
Sector(s)
Description
Objectives

Emergency investments in Yerevan Metro, covering immediate rehabilitation needs, including security upgrades. The project consists of the addressing the problem of the water ingress into the metro tunnels, modernisation of the infrastructure and refurbishment of the rolling stock.

Ensuring the safe functioning of the Yerevan metro system, providing comfortable level of service.

Environmental aspects
Procurement

The project has to meet the environmental and social requirements of the Bank based on EU policy and is expected to contribute to the overall improvement of the urban environment, through reduced noise and vibration and improved occupational health and safety at work in metro.

The project has to comply with the basic principles of the EU policy on procurement. The Promoter is subject to the EIB Guide to Procurement procedures. Consultancy services are required to assist the Promoter in the procurement process.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

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Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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