Friday, February 2 2018 14:39
Ani Mshetsyan

Vahe Nikoyan: According to the transport network reform, passengers will not have to pay for transfers

Vahe Nikoyan: According to the transport network reform, passengers will not have to pay for transfers

ArmInfo. "Our goal is to make the transport network optimal and maximally acceptable financially, we intend to eliminate duplicate routes, so we will unload the streets of the capital and solve the problem related to traffic jams," the head of the working group on carrying out reforms of public transport in Yerevan, vice-mayor Vahe Nikoyan.

According to the new project, it is proposed to reduce the number of existing vehicles and lines by about three times. In accordance with this, instead of the current 115 routes, 42 routes will operate, and instead of 2,039 vehicles - 939. According to the logic of the new network, vehicles will operate on a complementary basis and consistently continue each other. The project is designed to relieve the center of the city by reducing the number of routes. The

vice-mayor also noted that large buses with the length of 18 meters will begin to work in the capital with the beginning of the project, the use of which, in his opinion, will be the best solution for Yerevan. The vice-mayor explained that the length of buses in 18 m is explained by their economy. He recalled that it is the large buses that, thanks to the economy, will reduce costs and thereby reduce the cost of travel.

At the same time, according to the project, a new network of routes is intended for buses, trolleybuses and an integrated metro system, it excludes minibuses. In addition, a number of standards were adopted with regard to the carrying capacity and technical capabilities of roads and stops, the volume of passenger traffic, the frequency of arrival of vehicles, etc.

The vice-mayor also said that the reform of public transport in Armenia will not be an occasion for the reduction of drivers. "At the moment, drivers are overloaded and one person works in two shifts, using our new system, two drivers will work on each route, which will lead to the creation of new jobs," Vahe Nikoyan stated.

The vice-mayor also noted the fact that according to the project public transport will start work half an hour earlier - that is, from 6:30, and earlier public transport started work at 7 o'clock, and the transport will work until midnight, while earlier it was working up to 11 o'clock in the morning. Nikoyan also drew attention to the fact that the intervals will be shorter, thus, the average waiting time at the stop will be about 3 minutes.  At the same time, the vice-mayor stressed the fact that the transportation will work according to schedule.

As for the issue of the fare, then, according to Nikoyan, the cost will not depend on the number of transfers.  According to the vice-mayor, according to preliminary estimates, about 40% of the residents of the capital will travel without transplants, about 30% with one change, therefore, the rest of the population of Yerevan will travel with two transplants. The maximum number of transfers will be 3, however, according to this reform, passengers will not have to pay for transplantations. However, the fare will increase or not, it is not clear yet. "The main priority for us is to make travel as accessible to all our citizens as possible.The principle of the new system is that the ticket system will be constructed in such a way that a person will pay once for one route, despite transfers (time, kilometers, number of stops), is not yet determined," said Nikoyan.

Regarding the funds for this project, the vice-mayor noted that two options are possible: either involving an authoritative foreign organization, or if this option does not work, the Yerevan mayor's office is ready to invest. At the same time, the vice-mayor explained that there is an oral agreement with the European Investment Bank. "But we, first of all, look forward to attracting a private foreign operator," said Nikoyan.  As for the timing of the project, the vice-mayor noted that there are no deviations from the schedule so far and by the end of the year it is planned to conclude relevant agreements. It should be noted that on January 18, the first meeting of the Expert Working Group on Public Transport Reform was held in Yerevan, where the Head of the Working Group, Deputy Mayor of Yerevan Vahe Nikoyan presented the project developed by the WYG consultant, which will be examined by the members of the working group.

POST A COMMENT
Input digits     


News
Pashinyan:  Armenia will close the 2019 with economic growth within  7%, against 4.9% budgeted  Pashinyan:  Armenia will close the 2019 with economic growth within  7%, against 4.9% budgeted  
Three programs to increase the birth rate will be launched in Armenia  starting from 2020Three programs to increase the birth rate will be launched in Armenia  starting from 2020
Grape procurement process completed in Tavush region of ArmeniaGrape procurement process completed in Tavush region of Armenia
Deputy Foreign Minister of Chile: High-level cooperation with Armenia  in the economic sector is a necessityDeputy Foreign Minister of Chile: High-level cooperation with Armenia  in the economic sector is a necessity
Result exceeded expectations! Arshaluys Margaryan tells how Armenian financial authorities promoted Armenian Eurobonds in international marketsResult exceeded expectations! Arshaluys Margaryan tells how Armenian financial authorities promoted Armenian Eurobonds in international markets
Schneider Group Company proposes to hold a Schneider Group Company proposes to hold a "From Lisbon to  Vladivostok" conference   in Armenia
Vladimir Zharikhin does not exclude the possibility of opening  freight traffic through the Abkhaz railwayVladimir Zharikhin does not exclude the possibility of opening  freight traffic through the Abkhaz railway
At a forum in Chisinau on topic At a forum in Chisinau on topic "Strength of financing in national  currency", CBA representative introduced Armenian experience to  participants
Armenia and World Bank discuss further areas of cooperationArmenia and World Bank discuss further areas of cooperation
Ardshinbank: another step towards customerArdshinbank: another step towards customer
VTB Bank (Armenia) opened its 72nd branch -VTB Bank (Armenia) opened its 72nd branch -"Ararat"
EFSE provides multi-currency loan to ARARATBANKEFSE provides multi-currency loan to ARARATBANK
Executive Director of Armswissbank Gevorg Machanyan received the  honorary title  Executive Director of Armswissbank Gevorg Machanyan received the  honorary title  "Friend of Echmiadzin"
Statistical Committee: Production of alcoholic beverages grows in  ArmeniaStatistical Committee: Production of alcoholic beverages grows in  Armenia
In the GDP structure of Armenia, the service sector continues to lead  in terms of growthIn the GDP structure of Armenia, the service sector continues to lead  in terms of growth
EDB forecasts economic growth in Armenia at the end of 2019 at 6%EDB forecasts economic growth in Armenia at the end of 2019 at 6%
"Contour Global Hydro Cascade" company will make additional AMD 27.5  billion investment in  modernization of Vorotan Cascade of HPP 
In January-August 2019, the metallurgical industry of Armenia  launched a trend towards growthIn January-August 2019, the metallurgical industry of Armenia  launched a trend towards growth
Freight volume in Armenia in January-August 2019 decreased by 54%  with the growth of passenger transportation by 4.3%Freight volume in Armenia in January-August 2019 decreased by 54%  with the growth of passenger transportation by 4.3%
Revenues of Armenia`s communications sector in January-August 2019  accelerated growthRevenues of Armenia`s communications sector in January-August 2019  accelerated growth
TPL system in Armenia to use digital technologiesTPL system in Armenia to use digital technologies
EBRD to provide EUR 4.6 million grant to Armenia to continue Gyumri  city road rehabilitation programEBRD to provide EUR 4.6 million grant to Armenia to continue Gyumri  city road rehabilitation program
Aluminum foil production declines in ArmeniaAluminum foil production declines in Armenia
According to the new WB forecast: in Armenia, the current account  deficit to GDP ratio in 2019-2021 will decrease from 7.2% to 6.3%According to the new WB forecast: in Armenia, the current account  deficit to GDP ratio in 2019-2021 will decrease from 7.2% to 6.3%
In Armenia, wind and solar power plants significantly increased power  generationIn Armenia, wind and solar power plants significantly increased power  generation
Armenian industrial sector accelerated annual growth in  January-August 2019 from 4.4% to 9.5%Armenian industrial sector accelerated annual growth in  January-August 2019 from 4.4% to 9.5%
Armenian State Revenue Committee announces start of car registration  at Gyumri vehicles custom house Armenian State Revenue Committee announces start of car registration  at Gyumri vehicles custom house 
WB forecast for Armenia: Ratio of state budget deficit to GDP in 2019  is expected at the level of 0.5%, increasing to 2% in 2020WB forecast for Armenia: Ratio of state budget deficit to GDP in 2019  is expected at the level of 0.5%, increasing to 2% in 2020
More modest growth in exports and imports is forecasted by WB for  Armenia`s foreign trade in 2019 More modest growth in exports and imports is forecasted by WB for  Armenia`s foreign trade in 2019 
Government needs to be sure that there are no corruption risks:  Armenian Deputy Prime Minister on the reasons for the  underfulfillment of capital expenditures in 2019 Government needs to be sure that there are no corruption risks:  Armenian Deputy Prime Minister on the reasons for the  underfulfillment of capital expenditures in 2019 


Exchange rates
11.10.2019
RUB7.420.06
USD476.730.03
EUR525.36-0.44
GBP596.0611.82
CAD359.280.91
JPY44.09-0.29
CNY67.400.00
CHF477.64-3.05


Experts
Head of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the borderHead of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the border
IMF: Armenia needs to achieve sustainable inclusive growthIMF: Armenia needs to achieve sustainable inclusive growth
Artur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at allArtur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at all
HSBC Bank Armenia digitalizes cooperation with retail clients HSBC Bank Armenia digitalizes cooperation with retail clients 
AmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking systemAmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking system
Yulia Ustyugova: Armenia can get access to IMF “insurance line”Yulia Ustyugova: Armenia can get access to IMF “insurance line”
Armand Arton: The question whether citizenship should be granted in  return for investments is rather rhetoricalArmand Arton: The question whether citizenship should be granted in  return for investments is rather rhetorical
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the gameRouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan:  Armenia`s payment business has great prospectsMher Arakelyan:  Armenia`s payment business has great prospects
Rating-Agentur Expert RA GmbH and AmRating issued an industry report  on Armenia`s banking systemRating-Agentur Expert RA GmbH and AmRating issued an industry report on Armenia`s banking system
Igor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care ofIgor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care of
Ara Khzmalyan: Armenia is comfortable to Russian touristAra Khzmalyan: Armenia is comfortable to Russian tourist

Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan
The AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partnerThe AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partner
Forecast: Armenia has good prospects for expanding its presence in  the Polish marketForecast: Armenia has good prospects for expanding its presence in  the Polish market
Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7
Concessionaire of Zvartnots International Airport promises to become  one of the best operators in the worldConcessionaire of Zvartnots International Airport promises to become  one of the best operators in the world
Arthur Javadyan: Central banks are not responsible for economic  growthArthur Javadyan: Central banks are not responsible for economic  growth
Forecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategyForecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategy
ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
From January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going upFrom January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going up
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
Converse Bank offers online loans at a low effective interest rateConverse Bank offers online loans at a low effective interest rate
Renco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in ArmeniaRenco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia
Expert: It is necessary to start implementing the program for the  construction of a new nuclear unitExpert: It is necessary to start implementing the program for the  construction of a new nuclear unit
The Armenian government suggests raising the minimum pension by 60%The Armenian government suggests raising the minimum pension by 60%