EIB to assign €5mln for Yerevan Metro Rehabilitation projectAugust 10, 2010 - 15:15 AMT PanARMENIAN.Net - The European Investment Bank signed a €5mln loan agreement with Armenia for implementation of Yerevan Metro Rehabilitation project. As reported by the press office of the RA Ministry of Finance, the sum is a part of a €15mln project envisaged for implementation of the first stage of the project. The loan will be provided for 15 years with 4 year grace period. According to an agreement concluded on March 10, 2010, the European Bank for Reconstruction and Development will allocate another €5mln in the framework of Neighborhood Investment Program. The project consists of the addressing the problem of the water ingress into the metro tunnels, modernization of the infrastructure and refurbishment of the rolling stock. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |