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EU representatives to arrive in Yerevan Nov. 8
Representatives of the European Union will visit Armenia today to start the implementation of a project on the rehabilitation of the Yerevan metro and discuss an agreement on a water supply and rehabilitation project with municipalities in Armenia.
The first phase of Yerevan Metro Rehabilitation project was approved in March 2010. The program is supported by a € 5 million EU grant through the EU Neighbourhood Investment Facility (NIF), € 5 million loan by the European Investment Bank, as well as € 5 million loan and €1 million in technical cooperation grants by the EBRD.
Phase II, which will address other problems including water ingress to the tunnel, has an indicative value of € 15 million.
