YEREVAN.- Armenian capital’s underground will get 15 million euro for the second renovation stage kicking off next September, Yerevan subway system Director General Paylak Yayloyan told reporters on Wednesday.
The funds will be used for the reconstruction of the drainage tunnel, installation of new pumps, upgrading the cable network. A new drainage tunnel, designed 15 years ago, will be completed.
The second phase of reconstruction, like the first one, will be funded equally by the European Bank for Reconstruction and Development, the European Investment Bank and the EU — five million each. Funds will be allocated within the framework of Neighbourhood Investment Facility.