Extension of a sovereign loan of up to EUR 5 million to Georgia for the benefit of Bakuriani to expand the fleet of specialised vehicles and machinery aimed at improving the quality of the municipal services. The proceeds of the loan will also finance up to 10 units of buses.
The proposed investment will improve the quality of municipal services and safety measures in Bakuriani. The Project envisages procurement of modern buses for passenger transportation as well
as equipment for solid waste management and specialised municipal works.
The proposed project is expected to address the Well-Governed and Inclusive transition objectives by supporting sector reforms and providing access to transport for the local population. The
programme is further expected to build local capacity by providing trainings.
Georgia represented by the Ministry of Finance.
€5 million sovereign loan to Georgia
The project will also benefit from the technical cooperation assignments to support project preparation and implementation.
Environmental and Social Summary
Categorised B under the 2014 ESP. Purchase of the Euro 5 diesel buses and specialized municipal service equipment will have mainly beneficial Environmental and Social (E&S) impacts. E&S Due
Diligence will be undertaken by an independent consultant and will include the site visit to review the Client's Environmental and Social management systems, existing maintenance facilities and
operations, labour practices, road and traffic safety and will assess Client's capacity to deliver the Project in line with EBRD requirements. Opportunities for addressing gender-specific and inclusion
opportunities as part of the Project will be investigated.
Source - EBRD
See all the news
Turkey to open doors to 31 countries for health tourism
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
How will Nenskra HPP Reduce the Electricity Import?
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Georgian brand Entrée enters the UK market and opens its first facility in London
Frontera claims that Georgian government has started harassing the company since 2013
Company HotelFriend offers convenient eComerce platform to Georgian Touroperators
Will the head of "Anaklia Deepwater Port Development Agency" be replaced?
TOP-10 Exporter Companies from Georgia to Russia
TBC Bank Group announces certain changes to the composition of the Management Board
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Prosecutor’s Office allows Avtandil Tsereteli to leave the country
Mamuka Khazaradze: We want to avoid arbitration, but the Consortium is ready for that
Reuters: Dutch city tells floating Georgian monastery to cast off
TBC Bank Group Shares up by 6.3% WoW on the LSE