Georgian Infrastructure Minister reviews ongoing projects with EIB delegation
The representatives of the EIB positively assessed the quality of the completed work, as well as progress of the ongoing projects. Photo via Infrastructure Ministry
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The progress of ongoing important projects in Georgia, supported by the European Investment Bank, was reviewed on Thursday by Infrastructure Minister Irakli Karseladze and the delegation of the Bank, the Infrastructure Ministry said.
The parties also discussed future cooperation and expressed their readiness to further strengthen cooperation between Georgia and the EIB, the Infrastructure Ministry said.
Before the meeting, the members of the EIB delegation, including Catherine Barberis, the Head of the Bank’s division responsible for managing and monitoring projects in neighbouring countries, got acquainted with the progress of several infrastructure projects, including completed sections of Rikoti Pass.
The representatives of the EIB positively assessed the quality of the completed work, as well as progress of the ongoing projects.
Georgian Finance Minister Lasha Khutsishvili on Friday met Bo Li, the Deputy Managing Director of the International Monetary Fund, and Teresa Czerwińska, the Vice President of the European Investment Bank, in the United States to review cooperation with the institutions.
Werner Hoyer, the President of the European Investment Bank Group, on Monday said he was looking at an “effective cooperation” with the Georgian Government.
Georgian Prime Minister Irakli Garibashvili and Werner Hoyer, the President of the European Investment Bank on Saturday discussed the current projects of the Bank in Georgia and the prospects of deepening future cooperation.
Current and planned reforms in Georgia and the importance of the financial support of the European Investment Bank were discussed on Wednesday in a meeting between the Georgian prime minister Irakli Garibashvili and Maciej Czura, the head of the EIB regional representation for the South Caucasus.
Georgian Infrastructure Minister Irakli Karseladze featured in the 27th edition of the World Road Congress in Prague this week, with the event aimed at discussing the trends and challenges of road infrastructure and transport around the world, the Infrastructure Ministry said on Tuesday.
The Roads Department of Georgia has become a member of the World Road Association at the World Road Congress, an event aimed at discussing trends and challenges of road infrastructure in Prague this week, the Infrastructure Ministry said on Wednesday.
Irakli Karseladze, the Georgian Minister of Regional Development and Infrastructure, and Rolande Pryce, the World Bank Regional Director for the South Caucasus, on Thursday discussed the completed, ongoing and planned infrastructure projects in the country through the Bank’s financial support.
The Ministry of Regional Development and Infrastructure of Georgia exceeded its approved budget for the first nine months of 2023 by 108.2 percent, spending ₾176.1 million ($65.84mln) more than proscribed by the financial plan, the state body revealed on Tuesday.
Georgia will receive €16 million to improve road safety in the country along its East-West highway, as the European Commissioner for Neighborhood Policy and Enlargement Olivér Várhelyi and European Investment Bank President Werner Hoyer formalised a financial package at the Global Gateway Forum, by which the European Commission will provide a grant for the country.