Improved quality and increased effectiveness of Yerevan metro will halve its energy consumption, Valeriu Razlog , head of the Yerevan office of EBRD said after signing the loan agreement between the European Bank for Reconstruction and Development (EBRD) and Yerevan Metro. EBRD will provide 1 million euro of technical assistance to Yerevan metro, he said.
On 10 March 2010 the government of Armenia and the European Bank for Reconstruction and Development (EBRD) signed a 15 million euro loan agreement. The agreement was signed by the finance minister Tigran Davtyan and head of the EBRD office in Yerevan Valeriu Razlog.
