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EUR 5 million EU financing for the overhaul of Yerevan metro system

EUR 5 million EU financing for the overhaul of the Yerevan metro system

Prime Minister’s Office of the Republic of Armenia and the EU Delegation to Armenia held a ceremony on the launch of eight EU – Armenia Financing Agreements, intended to assist development and reforms in Armenia. The new actions entail an EU contribution of € 77.5 million (44 billion AMD). Two …

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40.5 percent decrease in international railway passenger transport in CIS and Baltic countries

40.5 percent decrease in international railway passenger transport in CIS and Baltic countries

The number of international railway passengers on  CIS and Baltic countries railway networks has dropped by 40.5 percent compared to the same period last year, stated Vladimir Yakunin, President  of Russian Railways, during the 61st meeting of the Council for Rail Transport of CIS and Baltic states in Baku.  During the first nine …

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China ready to provide 60% of funding for Armenia’s Southern Railway Project

South Caucasus Railway CJSC

Armenian Prime Minister Tigran Sargsyan received a delegation led by Rasia FZE investment company president, Joseph Borkovski. Rasia FZE introduced the Armenia Southern Railway project design and feasibility study. Consisting of 27 stations, the railroad will have a length of about 300 km, including several bridges and 60 tunnels. Southern Railway …

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EBRD: Yerevan Metro Rehabilitation Project – phase 2

This is an update of the original General Procurement Notice published on the EBRD website on 25.01.2013. The Republic of Armenia and Karen Demirchyan Yerevan Metro Company CJSC (Yerevan Metro Company) intend to use the proceeds of a loan from the European Bank for Reconstruction and Development (the “EBRD” or the …

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South Caucasus Railway: the volume of investments in 2014 will reach 6.3 bn Drams

Victor Rebets,  the Director General of South Caucasus Railway (SCR)  held press conference  to summarize the work of SCR in 2013. The main results can be regarded as efforts to restore the railway infrastructure, ensuring operation of rail transport (the reconstruction of the station Tumanyan, the reconstruction of the railway junction in …

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