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    Signature(s)

    Amount
    € 49,450,000
    Countries
    Sector(s)
    Georgia : € 49,450,000
    Transport : € 49,450,000
    Signature date(s)
    11/02/2016 : € 49,450,000
    Link to source

    Summary sheet

    Release date
    24 September 2015
    Status
    Reference
    Signed | 11/02/2016
    20150426
    Project name
    Promoter - financial intermediary
    GEORGIA EAST-WEST HIGHWAY II
    Ministry of Regional Development and Infrastructure
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 49 million
    EUR 176 million
    Location
    Sector(s)
    Description
    Objectives

    Development of a new highway alignment along the E-60 East-West Highway and, specifically, the 14 km section between Zemo Osiauri and Chumateleti. The project is part of the European route E-60, which is the second-longest European road corridor running from France to Kyrgyzstan. In Georgia, it runs from the Red Bridge at the Azerbaijan Border to the Poti Port at the Black Sea Coast, a distance of about 388 km.

    The construction of this section of the East-West corridor will contribute to the development of trade, regional integration and interconnectivity, which are important factors for economic growth, progress and social transformation.

    Environmental aspects
    Procurement

    If the project was located in the EU, it would fall under Annex I of Environmental Impact Assessment (EIA) Directive 2011/92/EC. An EIA (and a resettlement action plan) is being done. During appraisal the Bank will review the EIA process to confirm that it complies with applicable domestic legislation, the principles laid out in the EU directives and any other relevant international conventions to which the Republic of Georgia is party, including an assessment of any cross-border impact of the project on the environment (ESPOO Convention).

    The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules. The calls for tender and the award notices will be published in the Official Journal of the EU as appropriate.

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - GEORGIA EAST-WEST HIGHWAY II - EIA for East-West Highway Zemo Osiauri-Chumateleti
    Publication Date
    7 Mar 2016
    Document language
    Main Topic
    Lending
    Document Number
    63325767
    Document Focus
    Environmental Information
    Project Number
    20150426
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - GEORGIA EAST-WEST HIGHWAY II
    Publication Date
    30 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    64463625
    Document Focus
    Environmental Information
    Project Number
    20150426
    Sector(s)
    Countries
    Publicly available
    Download now

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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