Batumi to welcome 30 new eco buses
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The European Bank for Reconstruction and Development (EBRD) is allocating €5.5 million to add 10 electronic and 20 diesel-powered buses to public transport in Georgia’s Black Sea city of Batumi.
Georgia’s Finance Minister Dimitry Kumsishvili signed the financial agreement with the EBRD today in Batumi at the 14th Batumi International Conference – ‘Georgia's European Way’.
This is the first project in the Caucasus in terms of purchasing electro buses,” stated Georgia’s Finance Ministry.
The new buses will operate on routes between Batumi International Airport and the city centre/Railway Station.
The project will be implemented thanks to EBRD’s financial assistance as well as the Eastern Energy Efficiency and Environment Partnership, which contributed to the project with €1.5 million.
Georgia’s economy will experience 3.9 percent growth in 2017, forecasts the European Bank for Reconstruction and Development (EBRD).
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing financial services to Georgia to support the development of small and medium-sized enterprises (SMEs) in the country.
The European Bank for Reconstruction and Development (EBRD) has marked a historic milestone by issuing its first-ever Eurobond both denominated and settled in Georgian lari (GEL).
The European Bank for Reconstruction and Development (EBRD) plans to invest €300 million in Georgia this year.
Georgia’s positions in all international rankings have advanced in the past five years and is a front-runner among the countries we work with, says President of the European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti.
Electric buses will be added to the transport fleet of Georgia’s Black Sea town of Batumi starting this autumn, says Batumi City Hall.