  EIB to assign €5mln for Yerevan Metro Rehabilitation project  August 10, 2010 - 15:15 AMTPanARMENIAN.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 |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
