Yerevan Development Tracker

Pashinyan calls for construction to “finally begin”, starting with the supervision tender

At a government session the Prime Minister said it was very important to finally start construction of the station and instructed City Hall representatives to begin with a tender to attract technical supervision before moving to the next stages.

Public Investment Committee approves the station construction programme

The 8th session of the Public Investment Committee, chaired by the Prime Minister, considered and approved four public investment programmes, among them construction of the Ajapnyak station and modernisation of the Yerevan Metro.

Mayor: the station is the most mature of the approved programmes; a financing partner is due within one to two months

Avinyan said the station programme is the most mature of three infrastructure programmes approved with a combined budget of $650 million, that design and budget documentation is complete, and that a decision on proceeding with international financial partners must be taken within one to two months.

Two-stage international Kond concept competition announced

The Urban Development Committee announced an open two-stage international conceptual competition for the regeneration of Kond, with a combined prize fund of 45 million AMD. Stage 1 was open to all entrants and concept packages were due on 10 June 2021.

Stage 1 concluded: seven concepts advance to the final stage

Per the official competition schedule, jury evaluation ran to 6 October 2021 and seven proposals passed to the final stage, which was closed to those seven architects. The finalists' names and the results protocol were never published.

City Hall discusses the launch of stage 2 with residents

Yerevan City Hall reported a working session with Kond residents on launching the second stage. About 900 property units had been inventoried in the district. The reported wording was in the future tense — the project “would enter” a practical phase; stage 2 did not actually launch for another ten months.

Mayor states that Kond will be fully expropriated

At an administrative consultation at City Hall Mayor Avinyan said Kond would be completely expropriated for a new urban-development programme, and that the property-certificate initiative was meant to let residents protect their rights as far as possible. City Hall reported 254 legalisation applications and 25 decisions already adopted.

“Here is Kond” march demands preservation instead of demolition

More than 50 people took part in the “Here is Kond” march, demanding that the authorities preserve the ancient quarter rather than demolish it, calling for a third stage of the competition and for projects that improve living conditions and develop Kond as a tourist site.

Closed stage 2 of the competition is launched

The Urban Development Committee launched the closed second stage, open only to the seven stage-1 finalists, with submissions due on 1 October 2024 and publication of results scheduled for 23 December 2024.

Government decision 999-Ն declares exclusive overriding public interest on Kond's northern edge

Government decision 999-Ն, in force from 8 July 2024, recognised exclusive overriding public interest over roughly 13,200 m² of state land between Saryan and Paronyan streets, plus privately owned properties on streets including Tapabashi, Surb Hovhannes and Kozerni, in favour of a World Trade Center project. It is legally binding and separate from the Kond competition.

City Hall confirms the competition produced no winner

At a City Hall session mayoral adviser Sona Tevanyan said no participant had been declared first-place winner because no concept fully satisfied the requirements, and that the Urban Development Committee and City Hall were working to merge the existing proposals into a single unified concept.

Legalisation of residents' property rights: more than 670 applications

Mayor Avinyan met Kond residents to discuss restoring their rights over land plots, courtyards and auxiliary structures adjoining their homes. About 900 property units are registered in the district and more than 670 applications had been filed with City Hall.

Government has not filed its justification for the expropriation decision in court

Hetq reported that a 40-year Kond resident had sued in September 2025 to challenge the substantiation of decision 999-Ն. In February 2026 the Administrative Court ordered the Government to submit written explanations within one month; as of the report nothing had been filed.

Merged Kond concept presented at a PM-chaired consultation

At a consultation chaired by the Prime Minister, Urban Development Committee chairman Yeghiazar Vardanyan presented the urban-development concept for Kond, built on preservation of the historic environment, economic development and cultural activation. No document was adopted.

Government approves the Noragyugh programme and authorises expropriation

The Cabinet approved the Noragyugh redevelopment programme, recognised the area as overriding public interest and authorised the Mayor of Yerevan to sign acquisition contracts on behalf of the state with DITI Construction CJSC and DITI Development CJSC. Scope as presented: 83.9 hectares, 155 buildings, around 65,000 residents and roughly 2–2.5 million m², with owners compensated at market value plus 30%. The site is the Noragyugh quarter around Paskevich Hill, bounded by the Hrazdan gorge.

Ministry draft designates the DITI companies as project operator

A Ministry of Territorial Administration and Infrastructure draft describes the affected area as the Noragyugh quarter of Kentron at the Isakov and Monte Melkonyan avenue junction and Paskevich Hill, and designates DITI Construction and DITI Development as acquirer of property and project operator. This is a draft, not an adopted act.

Project presented to UAE investors — no agreement signed

Mayor Avinyan presented the Noragyugh project to Ahmed Al Shamsi, Group CEO of Trojan Construction Holding, and Eduard Sukiasyan, founder of Silk Capital. The Promenade complex and Dalma Gardens projects were also discussed. No agreement was signed.

Decision 1357-Ն declares 27 properties overriding public interest

Government decision N 1357-Ն recognised overriding public interest over 27 immovable properties along the planned Admiral Isakov Avenue – Arshakunyats Avenue section, described in the act as a continuation of Monte Melkonyan Street. The properties lie across the Kentron, Malatia-Sebastia and Shengavit districts.

ADB loan agreement of €60.09m signed

At the Ministry of Finance, Finance Minister Vahe Hovhannisyan and Donald Lambert, head of the Asian Development Bank's Armenian office, signed the Yerevan Urban Development Investment Program loan agreement worth €60,090,000 to build the new road section.

Full project parameters published

Total cost is $85.67 million: $65.17 million from the ADB loan plus $20.5 million from the state budget. The main road is 1.86 km with six lanes and a 24.5 m carriageway, a 269-metre reinforced-concrete bridge over the Hrazdan, and a tunnel underpass with a roundabout at Arshakunyats Avenue. Completion deadline 30 March 2028.

Draft published to add five more properties to the expropriation list

A draft government decision was published proposing to recognise five additional privately owned properties on Kashegortsneri Street and Isakov Avenue as overriding public interest, after properties were found during acquisition and permitting that had not been included in the 2023 decision N 1357-Ն.

Implementation formally launched

Yerevan City Hall held the official ceremony marking the start of implementation. A technical-supervision and consulting-services contract was signed at the ceremony; the construction works contract had been signed earlier.

Government moves to acquire the 27 land parcels for the road

The Government adopted a decision to begin acquiring the land for the planned road: 27 parcels in total, from individuals and legal entities. The route passes through the Noragyugh quarter and links Shengavit and Erebuni with Ajapnyak, Davtashen and Arabkir.

EBRD signs a €236m loan for the southern Sisian–Kajaran sub-section

During the EBRD Annual Meeting in Yerevan, Finance Minister Vahe Hovhannisyan and EBRD Managing Director Nandita Parshad signed a €236 million sovereign loan for the roughly 24.2 km southern section of the Sisian–Kajaran road, part of North–South Corridor Tranche 4. The EBRD calls it the largest road infrastructure project it has financed in Armenia.

EIB Global signs a €236m loan

EIB Global signed a loan of up to €236 million to co-finance construction of the Sisian–Kajaran road. The EIB describes it as the largest finance contract ever between the bank and Armenia and a flagship project of the EU Global Gateway initiative.

ADB provides €236m of co-financing for the northern sub-section

The Asian Development Bank will provide €236 million of co-financing for reconstruction of the northern sub-section of the Sisian–Kajaran road: 27.1 km of three-lane road including tunnels and bridges, with a total sub-section cost of €335 million. ADB says the works will cut travel time across the whole road by up to 90 minutes.

Cabinet allocates 8.43bn AMD for the Kajaran–Agarak section

The Cabinet approved about 8.43 billion AMD (roughly $22 million) to finance construction of the 32 km Kajaran–Agarak section, plus 22 million AMD for land survey work on the northern Sisian–Kajaran sub-section and 8.7 million AMD for safety expertise of the Bargushat tunnel project.

The 84 km Ashtarak–Gyumri section opens to traffic

The 84 km Ashtarak–Gyumri section of the North–South corridor — the north-western approach to Yerevan on the Davtashen and Ajapnyak side — was opened to traffic. Deputy Prime Minister Tigran Khachatryan confirmed to parliament on 16 June 2026 that it is “completed and fully opened to traffic”.

Deputy PM: Sisian–Kajaran contracts only due by the end of 2026

Reporting to parliament, Deputy PM Tigran Khachatryan said about 504 km of roads were built or renovated in 2025, along with major repairs to 10 bridges and 2 interchanges, and that international competitive procurement was under way for both sub-sections of the 60 km Sisian–Kajaran segment, with contracts to be awarded by the end of 2026.

Unified cashless ticketing system goes live

From 1 January 2025 cash is no longer accepted on Yerevan buses, trolleybuses or the metro. A transition period ran to 1 February 2025, with fares of 100 AMD per ride on buses and the metro and 50 AMD on trolleybuses. Tickets are sold through transport.yerevan.am and Telcell channels.

Continuous dedicated bus lane opens on the Mashtots–Argishti axis

The municipality opened a continuous dedicated public-transport lane along Mashtots Avenue and continuing through Khorenatsi, Beirut, Italy and Argishti streets toward the Victory Bridge and back, adjusting traffic management at adjacent intersections.

Cabinet allocates 2.14bn AMD for 45 trolleybuses

The government approved an allocation of 2,137,850,000 AMD from the state budget to buy 45 new trolleybuses for Yerevan and replace 104 outdated apartment-block lifts, citing cleaner electric transport and better route frequency.

45 Yutong trolleybuses contracted for 4.33bn AMD

Yerevan procured 45 trolleybuses for a total of 4,326,300,000 AMD — 96 million AMD per vehicle. They are 12-metre vehicles with a capacity of at least 85 passengers and a wheelchair zone served by a retractable ramp.

Tender announced to replace the last 170 old buses

Mayor Avinyan said a new tender had been announced to replace the remaining 170 old Higer buses, after which “there will be no outdated vehicles left in Yerevan's public transport fleet”. The city also intends to acquire 250 eighteen-metre electric buses. No tender value, bid deadline or funding source was disclosed.

The entire trolleybus fleet has been replaced

The municipality announced that 45 new trolleybuses had been deployed across the route network and that all old trolleybuses had been withdrawn from service. Five trolleybus routes operate, several with adjusted terminal stops.

Trolleybuses transferred to the city operator; Yerevan commits to electric-only purchases

The Council of Elders approved the free-of-charge transfer of the 45 Yutong ZK6128BEVG trolleybuses, valued at 4.326 billion AMD, to Yerevan Electric Transport CJSC. Mayor Avinyan said that after the Higer bus replacement no type of transport other than electric would be purchased for the city's public transport system.

Operator announces a $500m ten-year expansion plan

Marcelo Wende, CEO of Armenia International Airports, said the company plans to double the airport's size over ten years with a $500 million investment, raising boarding gates from 6 to 16 and doubling the arrival, immigration and customs areas. This is a plan, not a signed commitment.

Concession extended to 2067 against a $425m investment programme

The Cabinet approved the fifth amendment to the Armenia International Airports concession agreement on 22 January 2026, and Deputy PM Mher Grigoryan and Martin Eurnekian of Corporación América signed it on 23 January. The concession, running since 2001, was extended to 31 December 2067 against a $425 million capital investment programme.