German Gov’t allocates €3.2m for Tbilisi school
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Germany is implementing a multi-million Euro investment in Georgia's education sector.
The German Government will allocate €3.2 million to construct a new building of the German International School in Tbilisi.
A relevant memorandum was signed today by Georgian and German representatives at the Embassy of Germany in Tbilisi. It was agreed the construction process will begin in May this year.
Plans noted the German International School in Tbilisi, established in 2010, intended to spend €4.5 million on its new building in Bagebi,
central Tbilisi. Some of the money would come from the German Government while the rest would be taken out as a loan.
The land was gifted to the school by the Georgian Government in 2014 for the symbolic price of one GEL.
Together with the German Government’s support, the school’s local leadership will gain an affordable credit from the ProCredit Bank.
The deal is a good example of the fruitful cooperation between Georgia and Germany in the educational field," Bettina Cadenbach, Germany’s Ambassador to Georgia stated.
The German Government’s financial support in the construction of the new school building shows believe in Georgia’s further democratic advancement and the country’s integration into European Union (EU) structures,” the Ambassador added.
This support will help your educational system and encourage German businesses to invest in Georgia,” she added.
Currently the German International School in Tbilisi offers six grades to 109 students. The school plans to increase its services and by 2020 offer classes including Grade 12 to 300 pupils, as well as a kindergarten serving up to 60 kids.
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