Spanish company Agazos SL will carry out the engineering work under the second phase of the Yerevan metro modernisation project. The draft decision was approved by the government at the end of March.
Under the project, the drainage tunnel will be reconstructed and expanded, while the metro tunnels themselves will be renovated. The stations and service buildings will be upgraded, the subway cars will be restored and modernized, new fire-fighting equipment will be installed, and a center for the training of machinists will open.
The European Bank for Reconstruction and Development and the European Investment Bank will provide loans of up to EUR 5 million each, while the Armenian government will receive an EU grant in the same amount.
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