Eighteen investment programs worth a total of $1 billion being  implemented in Armenia`s capital

ArmInfo.Eighteen investment programs worth a total of $1 billion are being implemented in Armenia's capital. This was announced by Aneta Babayan, Advisor to the Mayor of Yerevan, at a working meeting at the Yerevan City Hall.

According to her, this work is being coordinated by the Bureau for  the Implementation of Investment Programs for the Development of  Yerevan. Specifically, Babayan emphasized, a program is being  implemented to develop four public buildings, six projects to improve  road infrastructure, and four projects to improve the quality of  transportation and the metro. The project also includes two special  programs and two urban development and renovation programs. The  largest project, worth $660 million, is the transportation and metro  development program. $205 million is planned for the development of  road infrastructure. The project includes the construction of the A.  A. Surikov Children's Sports School of the Olympic Reserve. Albert  Azaryan, for which 4.9 billion drams are planned. EUR 37.1 million  will be raised from the European Investment Bank and the EU for the  energy efficiency program. A total of 39 kindergartens will be  involved in the project.

A new transport interchange (overpass) is planned for construction in  Shengavit, for which 1.8 billion drams will be allocated from the  country's state budget. In addition, an urban development and  renovation program will be implemented with an $85.67 million loan  from the Asian Development Bank. This involves the construction of a  new road from Isakov Street toward Arshakunyats Street.

The investment program also includes the construction of two metro  stations: Ajapnyak and Surmalu. Of these projects, only the Ajapnyak  metro station construction program, costing 98 billion drams, has  been assessed so far. As for the Surmalu metro station, the project  is in the design assessment stage.