A framework loan to support the investments targeting the upgrade of infrastructure in various municipalities across Georgia.
The proposed project is a framework loan to finance Local Self-Governments (LSG) investment needs in line with the Government's decentralization agenda. The project is a repeat-operation of the 2015 0172 Georgia urban reconstruction and development FL, approved in July 2015. The new operation will however not include an emergency component. The project´s development objective is to improve the efficiency and reliability of targeted municipal services and infrastructure. This will be achieved by investing in high-priority local infrastructure improvements, and by supporting LSGs in enhancing their capacity and systems for service delivery. The final beneficiaries of the schemes are the countrywide residents of towns and villages, who currently experience sub-standard quality of municipal services and other public sector services. The targeted sectors will primarily be municipal roads, public buildings, water, solid waste and possibly tourism infrastructure. The schemes are expected to be located over the entire country.
The project comprises mainly small and medium sized municipal infrastructure schemes in built up areas. Therefore, the potential negative environmental impacts are likely to be minor. However, if situated in the EU, some of the schemes could potentially fall under Annex I or Annex II of EIA Directive 2011/92/EU. Appropriate screening procedures, also in relation to natural habitats and protected species, as well as land acquisition/resettlement will be put in place. It is generally considered that the social impacts will mainly be positive, with improved access to municipal services (municipal roads, public buildings, water, solid waste and possibly tourism infrastructure) as well as the generation of additional employment. The project's compliance with applicable national environmental legislation as well as EU environmental and social principles, standards and practices will be verified during appraisal.
The Bank will require the Promoter to ensure that any procurement procedures are carried out in accordance with the Bank's Guide to Procurement.
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).
News & Stories
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.