Eco Green City project will start in Tbilisi in 2017
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Georgia’s capital Tbilisi will soon welcome a new green city that will be the first of its kind in Eastern Europe.
Georgia's state-owned shareholding company, the Partnership Fund (PF), has teamed up with Slovakian Gino Green City Corporation to build the Gino Green City in Tbilisi.
The two companies are now designing the project and plan to start construction works in the second half of 2017.
The total cost of the project will be $700 million.
The project envisioned building an Eco Green City near Tbilisi Sea territory. The area surrounding Tbilisi Sea will undergo major infrastructural development to turn the area into a bustling district with sport and recreation centres, trade districts, residential villas, cottages and apartments, an ecologically friendly housing area and more.
Tbilisi City Hall has already allocated 261 hectares of land to the project. The whole area will be classed as an Eco Green City where 90 percent of the energy used by all facilities will be generated from solar, wind, hydro power and bio gas.
The Tbilisi Sea development project also included building kindergartens, schools, medical and rehabilitation centres.
Recently an Olympic Village boasting about a dozen apartment blocks and five-star Hualing Tbilisi hotel opened on the shorelines of Tbilisi Sea.
In the future Tbilisi Zoo will be relocated near Tbilisi Sea after it was mostly demolished in the June 13 flash flood.
Georgia's state-owned shareholding company, the Partnership Fund (PF), is teaming up with local company Gino Invest to implement two major projects in Georgia.
The area surrounding Tbilisi Sea is set to undergo major infrastructural development to turn the area into a bustling district with medical centres, schools, trade districts, an ecologically friendly housing area and more.
Tbilisi is among one hundred global cities to have joined the 100 Resilient Cities network (100RC) against the "intertwined forces of globalization, urbanisation and climate change that are putting pressure on cities like never before”.
Consulting company PwC reveals Tbilisi Sea development plan
The area surrounding Tbilisi Sea is set to undergo major infrastructural development this year in an effort to turn the area into a bustling commercial and residential district and make the Georgian capital "the best of what the city can be” by 2018.
Batumi City Hall and the European Bank for Reconstruction and Development (EBRD) are teaming up to create a ‘Green City’ concept’ for Batumi.
A multifunctional green city will be built in Georgia’s Black Sea resort town of Kobuleti, bringing 500 million GEL (about $185.53m/€ 164.60m) European investments to the region.