corporate_banner_en

EIB continues to support the upgrade of Georgia’s water infrastructure

Projects
Regions
European Union
Enlargement countries
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Maximizing synergies
Financing & advisory services
Loans
Private equity
Advisory services
FEMIP Support Package
Procurement for TA operations
How to apply
Trust Fund
Technical advisory
Private equity
Organisation and staff
FEMIP Internship Programme
FEMIP Secondment Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Examples of EPTATF Operations
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Carbon finance
Activities
Financial instruments and advice
Climate Mainstreaming
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

EIB continues to support the upgrade of Georgia’s water infrastructure

  •  Release date: 13 June 2014
  •  Reference: 2014-135-EN

The European Investment Bank (EIB) is supporting with EUR 40 million the refurbishment and upgrading of municipal water facilities in Georgia. The EIB loan will help to maintain the continuity of the water supply, reduce water leakages in the water supply system and improve water quality across 28 cities in Georgia.

EIB Vice-President Wilhelm Molterer, who signed the project agreement today with Mr Archil Tsabutashvili, General Director of the United Water Supply Company of Georgia, and Mr. Giorgi Somkhishvili, Executive Director of the Municipal Development Fund of Georgia, stated: “A reliable water supply is a prerequisite for accelerated social and economic development. I welcome very much that the EIB is contributing to increase the living standards of the citizens of Georgia in this manner.”

The signing ceremony took place on the margins of the EU-Georgia Investment Conference, focusing on the country’s investment prospects following its decision to sign an Association Agreement including the Deep and Comprehensive Free Trade Area (DCFTA) with the EU

The operation will benefit from a Neighbourhood Investment Facility (NIF) investment grant of EUR 8 million, also signed today by the European Commission President José Manuel Barroso and the Georgian Prime Minister Irakli Garibashvili.

This is already the second EIB operation supporting the upgrade and rehabilitation of Georgia’s water sector. In 2010 the Bank signed a loan of EUR 40 million also supported by technical assistance and investment grants by NIF to finance a project, currently close to completion, resulting in significant improvements to water supply infrastructure in 31 Georgian towns. The rehabilitation of the water sector is in parallel financed by the Asian Development Bank.

The Bank is also ready to support the Georgian Government in its future efforts to modernise and upgrade the sector. Preliminary discussions on the next phase of the rehabilitation programme have just been launched with the Georgian authorities.

The EIB has to date signed loans of nearly EUR 500 million in Georgia for projects in the energy, transport and water sectors, and – indirectly through commercial banks – operations supporting SMEs.




 Print
 Pdf
Copyright © European Investment Bank 2013
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2014/2014-135-eib-continues-to-support-the-upgrade-of-georgias-water-infrastructure.htm