European Bank of Reconstruction and Development will allocate EURO 15 million to Yerevan underground railway reconstruction.

Within underground railway reconstruction project, Armenian Minister of Finance Tigran Davtyan and head of EBRD Yerevan office Valeriu Razlog will sign a loan agreement on March 10, 2010.

To increase effectiveness of reconstruction program, contracts on program support with Yerevan Mayor’s Office and program agreement with Yerevan Underground Railway CJSC are also envisaged.