Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 10,000,000
    Countries
    Sector(s)
    Armenia : € 10,000,000
    Transport : € 10,000,000
    Signature date(s)
    10/08/2010 : € 5,000,000
    10/05/2013 : € 5,000,000

    Summary sheet

    Release date
    1 March 2010
    Status
    Reference
    Signed | 10/08/2010
    20080629
    Project name
    Promoter - financial intermediary
    Yerevan Metro Rehabilitation

    Karen Demirchyan Yerevan Metro CJSC

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 10 million.
    EUR 30 million.
    Location
    Sector(s)
    Description
    Objectives

    Emergency investments in Yerevan Metro, covering immediate rehabilitation needs, including security upgrades. The project consists of the addressing the problem of the water ingress into the metro tunnels, modernisation of the infrastructure and refurbishment of the rolling stock.

    Ensuring the safe functioning of the Yerevan metro system, providing comfortable level of service.

    Environmental aspects
    Procurement

    The project has to meet the environmental and social requirements of the Bank based on EU policy and is expected to contribute to the overall improvement of the urban environment, through reduced noise and vibration and improved occupational health and safety at work in metro.

    The project has to comply with the basic principles of the EU policy on procurement. The Promoter is subject to the EIB Guide to Procurement procedures. Consultancy services are required to assist the Promoter in the procurement process.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications