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    Signature(s)

    Amount (.*)
    € 516,000,000
    Countries
    Sector(s)
    Georgia : € 516,000,000
    Transport : € 516,000,000
    Signature date(s)
    17/06/2024 : € 16,000,000
    9/12/2016 : € 250,000,000
    14/06/2017 : € 250,000,000
    (*) Including a € 16,000,000 Investment Grants provided by the GEORGIA
    Link to source

    Summary sheet

    Release date
    7 October 2016
    Status
    Reference
    Signed | 09/12/2016
    20160404
    Project name
    Promoter - financial intermediary
    GEORGIA TRANSPORT CONNECTIVITY
    PUBLIC ENTITY(IES)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 516 million
    EUR 1000 million
    Location
    Sector(s)
    Description
    Objectives

    A framework loan to support the construction and upgrading of selected priority primary and secondary roads to ensure (i) Georgia's global connectivity through the East-West Highway corridor linking the country to Europe and Ukraine through the Black Sea ports, Turkey, Armenia and Azerbaijan and (ii) local mobility on the East-West Highway connector roads.

    The proposed framework loan will support the Georgian government in implementing their 2017-2020 four-year upgrade/construction programme of priority roads throughout the country. The objective is to promote sustainable road infrastructure development providing efficient transportation, enhancing cross border/regional connectivity and ensuring short and long-term benefits for all road users.

    Environmental aspects
    Procurement

    Although not located in the EU the projects would be subject to the Environmental Impact Assessment (EIA) Directive (2014/52/EU) and the Birds and Habitats Directives (2009/147/EC and 92/43/EEC). Those projects which would normally fall under Annex I and/or are screened in would require an EIA. The EIA process and approval, biodiversity assessment requirements, social impact and mitigating measures will be further checked during appraisal.

    The project will be implemented with other international financial institutions (IFIs), namely the Japan International Cooperation Agency (JICA), the Asian Development Bank (ADB) and the World Bank. The legal/contractual documentation will require the promoter to ensure that any procurement procedures on the sections financed by the Bank are done in accordance with the EIB Guide to Procurement.

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    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 Data Sheet (ESDS) - GEORGIA TRANSPORT CONNECTIVITY
    Publication Date
    10 Dec 2016
    Document language
    Main Topic
    Lending
    Document Number
    67605905
    Document Focus
    Environmental Information
    Project Number
    20160404
    Sector(s)
    Countries
    Publicly available
    Download now

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