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    Reference: 20160585
    Release date: 22 March 2017

    Promoter – Financial Intermediary

    Georgian Water and Power LLC

    Location

    Description

    Modernisation of the water and wastewater infrastructure and waste-water treatment in Georgia's capital Tbilisi

    Objectives

    The proposed financing would contribute to the reduction of public health risks and the improvement of living standards in Georgia's capital Tbilisi. It would enable investments in the improvement and extension of water supply and the rehabilitation of a Soviet-era wastewater treatment plant.

    Sector(s)

    • Water, sewerage - Water supply; sewerage, waste management and remediation activities

    Under ELM Guarantee

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

    Proposed EIB finance (Approximate amount)

    USD 25 million (EUR 23 million)

    Total cost (Approximate amount)

    USD 51 million (EUR 46 million)

    Environmental aspects

    The project would contribute to the reduction of water leakages and reduction of energy consumption. It would also reduce discharges of insufficiently treated wastewater into surface water.

    Procurement

    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.

    Status

    Signed - 28/07/2017

    Disclaimer

    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).

    Related tags

    Georgia Water, sewerage