Georgia and Germany agree on implementing €247m joint projects
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Governmental Consultations between Georgia and Germany has completed successfully and as a result several new projects are coming for Georgia.
During the two-day Consultations held on August 29-30 in German’s capital of Berlin, the two countries’ authorities discussed implementation of bilateral projects worth of €247 million, that should be financed by the German government-owned development bank (KfW).
Meanwhile, Georgia will participate in the regional projects and especially in the projects of German development agency GIZ for the next years, with an amount of €25.9 million.
These projects will benefit all three countries of the South Caucasus – Georgia, Armenia and Azerbaijan,” read the press release published by the German Embassy to Georgia.
Furthermore, the countries agreed on additional assistance to support the dual system of vocational education.
The Governmental Consultations between Georgia and Germany is held in every two years.
Georgian Foreign Minister Mikheil Janelidze met with his German counterpart Michael Roth today, where the parties discussed political and economic cooperation between the two countries.
Georgian Prime Minister Giorgi Kvirikashvili has met with member of the German parliament, former German defence minister, member of Angela Merkel’s Christian Democratic Union (CDC) party Franz Josef Jung.
Germany is supporting Georgia in expanding its power network and modernising the infrastructure by providing €125 million in concession credit.
Germany is stepping up its financial support for Georgia by pledging millions of Euro to improve the water systems in the country’s Black Sea resort town Batumi.
The German government-owned development bank (KfW) is offering grant worth €1,650,000 to improve tourism and utility infrastructure in two regions of Georgia.