German development bank offers €1.65m to Georgia
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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.
The grant agreement has already been signed and soon the utility infrastructure rehabilitation concept will be created.
Also, the grant agreement includes review of the current situation for urban development, and assessment of social and environmental impacts of planned investment measures.
The KfW financed project is due to be implemented in Georgia’s Mtskheta-Mtianeti and Imereti regions.
Within the project the fundamental rehabilitation of water supply and sewerage network is planned.
Tourism infrastructure will also be rehabilitated in these two regions per the grant agreement.
A path in the forest, an incredibly beautiful installation of the tree top walk will soon make its way through the trees up to the sun in Georgia’s Lagodekhi Protected Area.
Governmental Consultations between Georgia and Germany has completed successfully and as a result several new projects are coming for Georgia.
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.