Thursday, July 2 2026 10:01
Alexandr Avanesov

RA Armenian government discusses public investment programs.

RA Armenian government discusses public investment programs.

ArmInfo. The 8th meeting of the State Investment Committee was held under the chairmanship of RA Prime Minister Nikol Pashinyan.

According to the government press service, the meeting agenda  included presentations of draft public investment programs for the  construction of the Ajapnyak station of the Yerevan Metro, the  modernization of the Yerevan Metro, urban energy solutions and  mobility development, and wastewater management in the Lake Sevan  basin. The further progress of the Kap Reservoir and gravity  irrigation system construction projects was also discussed.

Aneta Babayan, Director of the Yerevan Development Investment  Programs Implementation Office, presented the draft state investment  program "Construction of the Ajapnyak Station," emphasizing that the  program will improve Yerevan's multimodal transportation system,  modernize and re-equip the Yerevan Metro, and ensure safe operation,  high reliability, and quality of service. Details of the program's  implementation and investment management plan were presented. The  program's economic feasibility, socioeconomic benefits, and  environmental impact were discussed.

At the meeting, individual project components were discussed, and  comments were made on practical steps aimed at the effective  implementation of the program.

Aneta Babayan also presented the draft Yerevan Metro modernization  program. She noted that the program's implementation will alleviate  congestion on ground transportation through multimodal connections,  develop environmentally responsible transportation, reduce air  pollution, and improve the quality of transportation services for  residents of the capital. Details were presented. Modernization in  parallel with growing demand. A broad exchange of ideas took place,  emphasizing that the program should be implemented in stages, in  accordance with priorities, taking into account the internal  substantive interrelationships.

The next item on the agenda was the presentation of the draft public  investment program "Electric Urban Solutions and Mobility Promotion."  Existing challenges were mentioned, including those related to  handling large passenger flows, insufficient transport capacity,  inconsistent service quality, high operating costs, and high levels  of air pollution. In this context, it was presented that the  project's implementation will contribute to the development of  Yerevan's transportation system by modernizing public transportation  and introducing high-performance, energy-efficient rolling stock that  ensures safety, reliability, and service quality. It was emphasized  that this project initiates a program to replace public  transportation with fully electric rolling stock. The discussion  emphasized the importance of modernizing rolling stock and improving  the quality of public transportation services in the context of  dynamic passenger growth, as well as the programs to be implemented  in this regard.

As part of the agenda, Aramazd Ghalamkaryan, Chairman of the Water  Resources Committee of the Ministry of Territorial Administration and  Infrastructure, presented the draft public investment program  "Wastewater Management in the Lake Sevan Basin." Details were  provided on the current state of existing treatment facilities and  the proposed technical solution. It was emphasized that the program  is planned to be implemented in three stages: modernization of  existing treatment facilities and improvement of biological  treatment, construction of new treatment facilities in medium-sized  agglomerations, and construction of small, separate treatment  facilities for isolated and small rural settlements. The meeting  discussed issues related to the program's scale and management  process, as well as the possibility of implementing it in various  formats.

Following the discussions, the aforementioned projects were approved.

Aramazd Ghalamkaryan also discussed the further advancement of the  Kaps reservoir and irrigation system construction program. A  presentation was given on completed projects, including the  construction of a drainage system from the Akhuryan River, the  dismantling and reinforcement of the inlet and outlet of an  irrigation tunnel, the installation of an early warning system,  vegetation clearance, and more. The current situation and challenges  encountered during the implementation of the projects, the resources  required to complete the program, and plans for its transformation  and expansion were then discussed.

The State Investment Committee discussed the issue and approved the  submitted proposal for program completion.

Summarizing the meeting, the Prime Minister emphasized the importance  of clear planning of the presented projects, resource allocation, and  risk management.