Yerevan Municipality has approached the European Bank for Reconstruction and Development to assess the possibility of financing a renewal of the City’s trolleybus system . The Bank has received a request for a EUR 10 million loan to be provided in parallel with potential co-financing from other lender and a potential capital grant for the Project of up to EUR 8 million.
The organization of public transport falls under the responsibility of the City’s Department of Transport. Selected functions, like control of service provision on routes and timetables are delegated to the municipally owned company Yerevantrans, which is gradually being transformed to a City transport authority. The City owned Yerevan Metro, Yerevan Electric Transport and Yerevan Bus Closed Joint Stock Companies are responsible for transport operations across the capital.
The Company operates five trolleybus routes with a total length of 114.5km, with an average of 50 trolleybuses in operation per day.
The fleet of the Company consists of 79 trolleybuses of Renault (9), Škoda (34) and LIAZ (36) models. The trolleybus ridership remains limited at around 2.5 per cent of overall city transport users.
The ridership was around 5 million passenger trips in 2013 and 2014. The metro system with its single line, for comparison, has a ridership of 15 million passenger trips annually. Minibuses, which the City wishes to reduce, carry 105 million passengers per annum.
Yerevan Municipality, Yerevan Electric Transport
Form of project announcement
The proposed project would substantially increase the capacity and efficiency of trolleybus services in the City. The project is expected to lead to energy savings and reduced operating costs through the introduction of modern trolley buses and equipment.
Indicative timetable of project development
Proposal due date: 22.10.2015
Evaluation Committee: 29.10.2015
Contract issued: 08.12.2015
Consultant mobilised: 15.12.2015
Final report was planned for 03.05.2016