Yerevan is speeding up the implementation of the strategic plan for the construction of the new “Ajapnyak” metro station, moving the control of the works to a strict weekly regime.
During the procedural session held on April 20, the mayor of the capital, Tigran Avinyan, declared the construction of the station as an absolute priority of the city authorities. The mayor instructed to report on the progress of the project every Monday, presenting even the smallest details.
According to him, the monitoring will be maintained until the actual construction works start. “I will personally call, write letters, tire my colleagues on this topic on a weekly basis, so that the program moves forward,” Avinyan emphasized, demanding practical steps.
In parallel, the municipality is preparing the construction area. Aneta Babayan, the head of Yerevan Development Investment Program Implementation Office informed that the expropriation zone will cover an area of about 42 thousand square meters, including 33 property units. In order to compensate the owners, 10 billion drams will be provided according to the preliminary calculation.
It is expected that the economic profitability of the project will be 15.3 percent, which is significantly higher than the minimum threshold of 9 percent set by the government. The financing will be carried out entirely by means of the state budget. It is planned to allocate 2 billion drams in 2026, and another 22 billion in the following two years.
In order to effectively coordinate large-scale works, a special interdepartmental management council will be created in the near future.
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