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 large infrastructure initiatives have also been agreed, set to improve the daily lives of Yerevan residents. One will provide an overhaul of the Yerevan metro system (EUR 5 million) by addressing public health and safety concerns, while another will support the rehabilitation of the water supply network in Yerevan (EUR 5.5 million), improving water and waste water services.
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