06.Jul .2021 12:00

Tbilisi City Hall To Purchase 180 Buses From GT Group At 80 MLN GEL

Tbilisi City Hall To Purchase 180 Buses From GT Group At 80 MLN GEL
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Tbilisi City Hall will purchase 180 new eight-meter ISUZU buses from NovoCiti Life for 21.3 million EUR (79.7 million GEL).

The relevant agreement is already signed between Tbilisi Transport Company and GT Group. According to the contract, the cost of one bus is 118,276 EUR (442,825 GEL).

According to the document, "GT Group" must deliver these buses to the City Hall by March 2022.

As of the public procurement system, this is not the only consolidated tender for the purchase of buses. GT Group also won the 11.8 million tender for the delivery of 24 new eight-meter buses. In addition, the proposal submitted by GT Group will be considered in the tender for the purchase of 20 new ten-meter buses with a total value of 11.4 million GEL.

In addition, Tbilisi Transport Company will purchase 200 modern 18-meter low-floor articulated compressed natural gas ("CNG") buses.

The European Bank for Reconstruction and Development (EBRD) has allocated a sovereign loan of up to EUR 83 million to Georgia to be on-lent to the City of Tbilisi (the "City") for the benefit of Tbilisi Transport Company Ltd (the "Company"), a municipal company operating buses, the metro system and cable cars in Tbilisi. The loan is structured in two tranches: EUR 70 million and EUR 13 million.