YEREVAN. – The Yerevan Street Lighting Project grant agreement was signed Tuesday at the Ministry of Finance of Armenia.
Within the framework of this project, the European Bank for Reconstruction and Development (EBRD) will allocate Armenia a €1.9-milion grant.
The aforesaid ministry informed Armenian News-NEWS.am that the main objective of this project is to have an energy-saving and safe outdoor lighting network in Yerevan, the capital city of Armenia.
The capital investment of the Yerevan Street Lighting Project totals about US$6 million.