This project is a framework loan through the European Investment Bank to finance investments in modernisation and upgrade of municipal/state infrastructure throughout Georgia. A framework loan is a flexible loan to finance an investment programme that consists of smaller projects.
This project is expected to improve the quality and reliability of municipal and other public services and thereby positively affect the living conditions of the concerned citizens. The loan will help to upgrade municipal infrastructure in various cities to bring it up to modern standards, including better use of energy and water resources, improvements to solid waste management, rehabilitation of the road network and development of tourism infrastructure.
The project will contribute to income generation and job creation as well as improvements in living conditions and creation of jobs, which will help reduce poverty and increase shared prosperity. Investments in local roads/transport, water, wastewater and tourism infrastructure will also increase the attractiveness of the country and further spur economic growth of the Georgian economy.
This project is part of European Investment Bank’s (EIB) portfolio in Georgia. EIB is the European Union’s bank. It is the long-term lending institution of the EU and is the only bank owned by and representing the interests of the European Union Member States. It makes long-term finance available for sound investments in order to contribute towards EU policy goals. The EIB works closely with other EU institutions to implement EU policy.
To improve the quality and reliability of municipal and other public services and thereby positively affect the living conditions of the concerned citizens.