Georgia’s Government signs new €450m financing agreement with EU bank
Tweet 
Share
Georgia has today signed a €450 million financing agreement with the European Investment Bank (EIB) to implement three major projects that will raise living standards and boost the global competitiveness of Georgia.
The three projects, which have a combined value of €450 million, will be carried out within the Government’s Spatial Arrangement Plan and the four-point reform agenda.
One of the projects will improve road infrastructure in Georgia, while the others will develop country’s agriculture sector in general as well as promoting agriculture production.
The EIB will allocate €250 million for the construction of new roads and rehabilitation of existing priority routes.
Vice President of EIB Jan Vapaavuori (L) and Georgia's Prime Minister Giorgi Kvirikashvili. Photo by the PM's press office.
Meanwhile, €100 million will be spent on rehabilitating municipal infrastructure, while the remaining €100 million will be spent on supporting small and medium-sized enterprises (SMEs) operating in agriculture and food production under the referred concessional long-term lending.
A financing agreement on the allocation of resources by EIB to Georgia was signed today after Georgia’s Prime Minister Giorgi Kvirikashvili met the Vice President of EIB Jan Vapaavuori.
At the meeting Vapaavuori spoke about the importance of the funding and noted it would advance the living standards in Georgia and boost the competitiveness of the country.
The European Investment Bank (EIB) is investing €450 million in Georgia to implement three major projects.
The European Investment Bank (EIB) is promising stronger support for Georgia by doubling the amount it invests in the country in the coming years.
The European Investment Bank (EIB) is lending €22.5 million to Georgia in a bid to finance small and medium-sized enterprises (SMEs) and middle capitalisation companies (midcaps) engaged in trade and commerce in the country.
World leading financial institutions the World Bank (WB) and the European Investment Bank (EIB) are helping Georgia upgrade the country’s main transport route - the East-West highway.
The European Investment Bank (EIB) and the European Investment Fund are implementing two new programmes in Georgia which have been developed jointly with the European Commission.
The European Investment Bank (EIB) is offering €250 million to help improve regional connectivity and road transport efficiency in Georgia.
A new €1.2 million European Union (EU) project will focus on access to international standard metrology and standardisation services in Georgia.
Georgia’s Prime Minister Giorgi Kvirikashvili hosted today the Vice-President of the European Investment Bank (EIB), Vazil Hudak, at the Administration of the Government of Georgia.
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – will allocate €100 million in loands to small and medium-sized enterprises (SMEs) in Georgia, Moldova and Ukraine.