European Investment Bank to invest €34 mln to provide internet for Georgian rural areas
The bank will finance the installation of internet infrastructure in Georgia's rural and remote areas. Photo: Nino Alavidze/Agenda.ge
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The European Investment Bank (EIB) will invest €34 million to provide internet connections for approximately 500,000 people living in Georgia's rural areas.
EIB President Werner Hoyer joined the EU and Eastern Partnership (EaP) leaders to pledge support for the economic recovery and sustainable development of the EaP countries.
The EIB pledged to invest a total of €171 million in Georgia, Moldova, and Ukraine.
The investments that we have just finalised with our partners in Georgia, Moldova and Ukraine reinforce the European Union’s support for the Eastern Partnership countries as well as Team Europe’s commitment to ensuring the sustainable and resilient socioeconomic development of our partner countries, Hoyer said.
President Hoyer joined EU & Eastern Neighbourhood heads of state at #EaPSummit to pledge further support for resilient & sustainable economic development in #EaP countries➡️https://t.co/PdqmDsXDh2
— European Investment Bank (@EIB) December 15, 2021
Since the start of the Partnership in 2009, we have provided €11bn of financing. pic.twitter.com/mUbsU45bHe
The bank will finance the installation of about 5,000 km of optic fibre cables to provide open access internet infrastructure in Georgia's rural and remote areas.
The investment will improve quality of life, create new business opportunities and increase Georgia’s resilience to crisis, they said.
The EIB has provided €11 billion of financing to the EaP countries since the establishment of the partnership in 2009.