EBRD invests €2.2 million in new Kobuleti Water Project
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The European Bank for Reconstruction and Development (EBRD) is offering €2.2 million to modernise the sewage systems in Georgia’s Black Sea town of Kobuleti.
Georgia’s Finance Minister Nodar Khaduri and EBRD Director for the Caucasus, Moldova and Belarus Bruno Balvanera signed an agreement yesterday to implement the Kobuleti Water Project.
The project outlined the construction of a wastewater treatment plant in Kobuleti. This involved a sovereign loan of €1.5 million to Georgia’s Finance Ministry, which would be on-lent to the Kobuleti Water Company.
The Kobuleti Water Company was the only provider of water supply in Kobuleti city.
Meanwhile the Government of the Netherlands allocated €1.814 million to design Kobuleti’s new wastewater treatment plant. The money will also be used to purchase and install the necessary equipment for the plant.
Georgian residents in coastal Batumi will soon drink fresh, clean water and have their sewage systems restored thanks to a multi-million Euro loan from Germany.
More than 200,000 inhabitants of Georgia’s second largest city will soon enjoy a clean, reliable water supply thanks to a €100 million loan by the European Investment Bank (EIB) to rehabilitate the city’s water system.
Hundreds of people living in a bustling village in Georgia’s Kakheti winemaking region are welcoming a 1.3 million GEL project to increase the water supply from two hours per day to constant, 24-hour access.