A cooperation agreement between the Yerevan Municipality and IDBank announced a comprehensive plan for the renovation of Moscow Park.
This initiative, carried out in honor of the bank's 35th anniversary, will serve as a gift to the capital and its residents, aimed at developing public spaces and enhancing the green environment.
One of Yerevan's most beloved locations will return with a new breath of life, featuring a more renovated, illuminated, and comfortable atmosphere. The project aims to expand and restore green areas, install modern lighting systems, modernize recreational zones, and make the park a more attractive and vibrant space.
According to IDBank's Chairman of the Board, Mher Abrahamyan, this is not just a cooperation agreement but the main gift to the capital on the occasion of the bank's 35th anniversary.
“Moscow Park is one of Yerevan's favorite places. That is why we readily agreed to finance the proposal received from the Central administrative district to renovate and revitalize Moscow Park. I am pleased to note that in just the last 5 years, IDBank has planted over 50,000 trees as part of various environmental programs, restoring forested areas. This project is a logical continuation of that path,” said Mher Abrahamyan.
For the municipality, this project is a successful example of public-private partnership, where corporate social responsibility translates into visible, measurable, and long-term urban outcomes.
Petros Petoyan, head of the Central administrative district of Yerevan, emphasized the importance of public-private cooperation.
“Such collaborations have a significant impact on changing the urban environment and ecosystem. The community is doing tremendous work to beautify the city. In turn, the private sector also contributes and participates in this. It is precisely these joint efforts and the synergy effect that lead to long-term and sustainable results,” emphasized Petros Petoyan.
The renovation project for Moscow Park is yet another step in the formation of a green, comfortable, and people-centered urban environment in Yerevan.
