Resolution Criteria

The market resolves when the first metro train with passengers arrives at Ajapnyak station. Resolution will be determined by official announcements from Yerevan Municipality or the Karen Demirchyan Yerevan Metro operator confirming passenger service has commenced. If not constructed before 2031 then market will be resolved to “2031 or later” answer.

Background

Tunnels leading to Ajapnyak station were dug during the Soviet years, but construction was halted due to the collapse of the USSR and lack of funds. Design work for the 11th station has been finalized, and a developer will be selected by the end of 2025, with construction set to commence in 2026. Construction work is estimated to last approximately 4 years. The total estimated cost is approximately $50 million.

Considerations

The project has faced repeated delays and setbacks, with construction timelines repeatedly pushed back from 2015 promises through 2022 and 2024 targets. Traders should account for potential further delays given the project's complex engineering requirements, including a bridge over the Hrazdan Gorge and tunnel construction.

This description was generated by AI.