The state budget of Armenia for 2027 provides 2 billion drams for the construction of the “Ajapnyak” station of the Yerevan Metro. Minister of Finance Vahe Hovhannisyan announced this at a joint session of the standing committees of the National Assembly dedicated to discussing the draft state budget.
According to the minister, an agreement was reached with the Yerevan Municipality on the possibility of increasing funding if the actual volume and pace of construction work turn out to be higher than planned. In such a case, the government is ready to allocate additional funds. At the same time, budgeting an amount exceeding 2 billion drams for 2027 would be unrealistic at the current stage.
Hovhannisyan also noted that in order to move on to the practical implementation of the project, it is necessary to complete negotiations with the organization that will undertake its financing. After that, a procurement tender is planned to be held. Thus, further timelines and the scope of work will depend on the outcome of the negotiations and the readiness of the project for implementation.