Armenia’s draft 2027 state budget earmarks 2 billion drams for construction of the Ajapnyak station on the Yerevan Metro, Finance Minister Vahe Hovhannisyan said.
The government and Yerevan City Hall have agreed that additional funding could be provided if construction accelerates or the volume of work increases, Armenpress reported.
“We believe it would not be realistic to allocate more than 2 billion drams for next year. We have allocated this amount on the understanding that, if the work progresses faster than planned, we will provide additional funding,” Hovhannisyan said.
The minister added that separate programs also provide funding for metro infrastructure renovation and development.
He noted that the Yerevan Metro is state-owned infrastructure managed by the municipality, while the government subsidizes passenger transportation.
Earlier, Yerevan Mayor Tigran Avinyan announced plans to designate land needed for the new station’s construction as subject to overriding public interest.
