12.Feb .2020 18:50

Socar Georgia Gas to Acquire Pipeline of 150 km length at 6.15 million – Payment must be done before 2037

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SOCAR Georgia Gas will buy pipelines in Dedoplistskaro, Martvili, Khashuri, Chokhatauri and Zugdidi districts for 6,154,370 GEL.

Specifically, the matter concerns to a 150-kilometer pipeline, which is distributed by individual districts as follows:

• Martvili City - 64.4 kilometers;
• Khashuri Municipality - 33.7 kilometers;
• Zugdidi Municipality - 24.7 kilometers;
• Dedoplistskaro Municipality - 14.2 km;
• Chokhatauri Municipality - 14 km.

According to a government decree, SOCAR Georgia Gas will start paying for this infrastructure by 2027.

According to the payment schedule, the funds should be repaid through 10 tranches of GEL 615,437. The final repayment date is December 31, 2036.