Karen Demirchyan Yerevan Metro CJSC
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.
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.
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).
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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.
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.