Armenia will allocate 25 million euros for implementation of first  stage of modernization of public transport in Yerevan

ArmInfo.According to preliminary estimates, the purchase of new buses serving public  transport in the city of Yerevan will require 120-150 million euros.  On October 28, the Armenian government approved the proposal to sign  a grant agreement "Yerevan Bus Program" between the Republic of  Armenia, "Yerevan Bus" CJSC and the European Bank for Reconstruction  and Development.

According to Minister of Territorial Administration and  Infrastructures Gnel Sanosyan, earlier the consulting company studied  the transport network of the city of Yerevan, on the basis of which a  new route network of public transport in the Armenian capital was  developed. It is planned to introduce 845 buses of different sizes to  service the new route network.

At the first stage, 100 buses with a length of 12 meters will be  purchased, for the financing of which 25 million euros will be  allocated, of which 20 million euros is a loan from the EBRD, and 5  million euros is a grant from the Eastern Europe Energy Efficiency  and Environment Partnership (E5P).