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Lesson
Although the rights and obligations of the building owners and residents are governed by the Constitution of the Republic of Armenia, the Civil Code and other legal acts, the management of commonly shared property in multi-apartment buildings in Yerevan is not effective, since there is a mismatch between the ownership title of the assets and the owner’s perception regarding the maintenance obligations. Nevertheless, the local government is still willing to improve the commonly owned private property through public borrowing.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
The consultant had provided financial forecasts on the recurring monthly payments, which would be required to keep the current elevators operational. Total investment needed is AMD88.186 million (approx. $200.0 million) as per consultant’sprojec tion. There is a working group established under the decree of Deputy Prime Minister, which is to define a feasible project and submit for the government’s approval.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
Following the delivery of the outputs, the government had initiated procurement of 20 elevators on pilot basis. Having considered the pilot successful, Yerevan Municipality announced further procurement of 500 elevators, to be financed from the municipal budget.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
Active stakeholder participation has been ensured during the implementation to maximize the relevance of the TA outputs. The IA provided all statistical and technical data and logistic support. Two workshops were held at Yerevan Municipality premises. Representatives from all relevant government agencies shared their ideas.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
The two workshops organized during the implementation covered a huge spectrum of complicated challenges in the management of commonly owned private properties. The participants benefited from the presentations by the experts and question sessions.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
After changes of the IA, it had been challenging to meet the new client’s expectation based on previously developed Terms of Reference for the consultants. It took quite some efforts to ensure effective management of the consultant and the resource persons involved.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
The implementation of the TA depends on many external parameters outside the control of the TA. The main mplementation challenges occurred after the Municipal government changed. It is advisable to elaborate further opportunities to meet the expectations of the main stakeholders involved.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date:
Lesson
The ambitious outcome of the TA would have been achieved if it has been followed by an ensuing investment project as planned. Huge investment gap remains. ADB stands ready to support the government in finding an alternative solution, whatever financing modality will eventually be preferred by the Borrower.

Project Number: 42417-045
Project Name: Vertical Mobility and Safety Improvement
Report Date: