EBRD allocates €19 mln for better waste management, disposal in Georgia’s Black Sea region of Adjara
The first committed tranche of up to €3 million will be used to purchase new solid waste management equipment, while up to €16 million will be used to build a new waste treatment plant in the second phase, allowing the Adjara Solid Waste Management Company to recover recyclables and divert waste to a new sanitary landfill. Photo: EBRD
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The European Bank for Reconstruction and Development has allocated €19 million for better waste management and disposal in western Georgia’s Black Sea region of Adjara, the Bank said on Monday.
The first committed tranche of up to €3 million will be used to purchase new solid waste management equipment, while up to €16 million will be used to build a new waste treatment plant in the second phase, allowing the Adjara Solid Waste Management Company to recover recyclables and divert waste to a new sanitary landfill.
The Bank also revealed the investment would address priority needs of Batumi, as identified by its Green City Action Plan, as well as the wider Adjara region.
This includes stopping the disposal of waste at existing dumpsites in Kobuleti and Batumi [...] These dumpsites are active sources of land, water and air pollution, impacting the ecosystem of the region in particular and the Black Sea in general”, the EBRD said.
Georgian Finance Minister Lasha Khutsishvili said the project would help transform Batumi into a “more attractive” tourist destination for local and foreign visitors.
The EBRD has invested over €35 billion in Georgia to date through 280 projects, with more than 80 percent of them coming in the private sector.
Key areas of the Bank’s investment include financial sectors, sustainable infrastructure, manufacturing and services, and small and medium-size enterprises, it said.
Georgian Prime Minister Irakli Garibashvili and Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development, on Saturday reviewed the current and future projects, financed by the Bank, including the ones in the fields of transport and municipal infrastructure, as well as education, energy, banking sector, and agriculture.
Two existing landfills will soon be closed in Black Sea coastal cities of Batumi and Kobuleti and a new landfill will be opened in Tsetskhlauri, 45 km north of Batumi within the solid waste management project of Adjara.
The European Bank for Reconstruction and Development (EBRD) has allocated $500,000 in a grant that will be fully used to develop a waste management strategy in the Georgian capital Tbilisi.
The European Bank for Reconstruction and Development (EBRD) is offering €15 million to finance the improvement of the solid waste collection and management system in Georgia’s capital of Tbilisi.
The downward trend of inflation in the Georgian economy will continue in case of absence of further shocks, Archil Mestvirishvili, the Vice President of the National Bank of Georgia, said on Wednesday.
Georgia’s Deputy Economy Minister Genadi Arveladze on Tuesday said development of “quality infrastructure” was a “priority” for the Government.
Solomon Pavliashvili, the Deputy Minister of Environment of Georgia, on Thursday joined an event in the United Nations General Assembly Hall that marked the first-ever International Day of Zero Waste, in support of the initiative on behalf of Georgia.
The gross external debt of Georgia increased by $1.4 billion during the fourth quarter of 2022 and stood at $23.5 billion at the end of the year, the National Bank said in its latest update of national debt statistics on Friday.
Archil Mestvirishvili, the Vice President of the National Bank of Georgia, on Thursday said the domestic financial sector was ensuring enforcement of the international sanctions on Russia for its invasion of Ukraine “very well”.
Georgian Prime Minister Irakli Garibashvili and the members of the board of directors of the European Bank for Reconstruction and Development on Thursday discussed the successful cooperation and important ongoing projects in private and public sectors implemented with the support of the Bank.
The long-term cooperation was discussed on Wednesday by Natia Turnava, the Acting Governor of the National Bank of Georgia and Francis Malige, the Managing Director of Financial Institutions for the European Bank for Reconstruction and Development, as well as members of the EBRD’s Board of Directors.
Georgian Prime Minister Irakli Garibashvili and Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development, on Wednesday discussed the key directions of successful cooperation and prospects of future collaboration at the meeting held within the scope of the World Economic Forum in Davos.
The Georgian capital city of Tbilisi will have its first waste treatment plant to improve solid waste management and disposal thanks to a new €26 million funding from the European Bank for Reconstruction and Development and the Green Climate Fund.