ArmInfo.The construction of the new Yerevan metro station will be fully financed from the government budget of Armenia. Mayor of Yerevan Hayk Marutyan told journalists on September 14.
In his words, the total cost of the project will be about $ 35 million, which the Armenian government agreed to allocate. Previously, it was planned to attract private investors for the implementation of the program, but the conditions they proposed turned out to be unfavorable for both the capital and the state. In this regard, both the mayor's office and the government have come to a common denominator that the project will be fully funded by government money. The mayor stressed that the terms of the tender for the preparation of design estimates are currently being developed. After determining the winner and the availability of design and estimate documentation, a competition will be announced to identify contractors for construction work.
Earlier, ArmInfo, referring to Minister of Territorial Administration and Infrastructures of the Republic of Armenia Suren Papikyan, reported that during 2020 the Armenian government will determine the mechanisms for the construction of new metro stations in Yerevan. According to him, various financing schemes for the project are being discussed - from state financing to attracting private investors and public-private partnerships. Suren Papikyan reminded that 2 billion drams have been allocated from the state budget for the modernization of the existing Yerevan metro stations.
As of today, only 14% of these funds have been used, which is associated with the spread of coronavirus. He expressed hope that construction work will resume this year. The construction is carried out by a Spanish company that won the tender. However, during the implementation of the project the problem associated with the accumulation of groundwater is already obvious, there is even a small river. The solution to this issue will allow to intensify the construction process.
To note, the project for the construction of a station and a bridge across the Hrazdan River was previously discussed with investors. An agreement has been reached that the investor will finance all work on the development of design estimates for this program. After that, based on the price of the issue, construction will begin. Based on the business model that the investor offers, a business center and a shopping center will operate next to the future station.
To note, an average of $ 1 million of investments is needed for 1 km of the metro line. However, in the case of the new station, the amount may turn out to be much smaller, since a significant amount of work has already been completed in previous years. Yerevan metro named after Karen Demirchyan was founded in 1981. In total, there are ten metro stations in Yerevan with a total length of 13.4 kilometers.
