Georgian PM: €3.4 bln in EU aid confirms Georgia is a reliable partner
Georgian Prime Minister Mamuka Bakhtadze at today's press briefing. Photo: PM's press office.
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Financial aid from the European Union (EU) totalling €3.4 billion is yet further confirmation that Georgia is a reliable partner of the EU, Georgian Prime Minister Mamuka Bakhtadze said at a press briefing today.
The EU has allocated €3.4 billion to Georgia. This is a very important project that will help us make Georgia more competitive. The money will be spent on several dozen infrastructural projects”, said Bakhtadze.
The money will be spent on the arrangement of roads and rail lines, ports, airports, logistic centres and border checkpoints. Some projects are planned to be completed in 2020, some in 2030.
- Read more about the EU’s financial support and the projects in which the money will be invested here.
Strengthening transport, energy and communications ties with the EU through implementation of specific projects is a priority [for us]”, said Bakhtadze.
In total 18 infrastructural projects will be implemented with the EU’s financial aid.
The European Union has transferred 110 million GEL(about $ 41.28m/€36.8m) to the government of Georgia in acknowledgement of government reforms conducted in 2017 and 2018.
Developing transport capacity and infrastructure remains a priority for Tbilisi City Hall this year, announces Tbilisi Mayor Kakha Kaladze who held the first government meeting of 2019 today.
The European Investment Bank (EIB) is offering an additional €250 million to help improve regional connectivity and road transport efficiency in Georgia. The EIB has already provided over €500 million for implementation of the ‘Georgian Transport Communication Project’.
The government of Georgia continues to easy financial burdens on the citizens of Georgia.
The European Commission together with the World Bank have developed a new Indicative trans-European Transport Network (TEN-T) Investment Action Plan that identifies priority projects in Eastern Partnership countries, including in Georgia.
Georgia’s capital of Tbilisi will turn into a Eurovillage tomorrow, inviting the public to join in celebrations at Rike Park. The organisers of the event promise a virtual journey across the European Union with informative and fun activities taking place throughout the day.