2027 budget draft envisages 2 billion drams for new subway station in Yerevan

A total of 2 billion drams has been allocated in the 2027 state budget draft for the construction of the Ajapnyak station of the Yerevan Metro, Finance Minister Vahe Hovhannisyan has said.

If work progresses faster than planned, additional funding will be allocated, he told lawmakers at a joint meeting of parliamentary committees discussing the 2027 state budget draft.

He said the Government has an agreement with the Yerevan Municipality that additional funds will be allocated if the scope of construction work increases or work on the Ajapnyak station progresses faster.

“In our opinion, allocating more than 2 billion drams for next year would not be realistic. We have allocated this amount on the assumption that, if we are successful and work progresses faster than planned, we will add additional funds,” the minister said, adding that separate programs also provide for funding for the renovation and development of metro infrastructure.

Hovhannisyan stressed that the Yerevan Metro is state infrastructure entrusted to the Yerevan Municipality for management, while the Government also subsidizes passenger transportation.