6 July 2018
Promoter – Financial Intermediary
MINISTRY OF REGIONAL DEVELOPMENT AND INFRASTRUCTURE
The project consists of the construction of approximately 13 km of a dual two-lane carriageway in Georgia on a new E60 alignment between Ubisa and Shorapani - the F3 Section between Khevi to Argeveti.
The proposed project will support the Georgian Government in implementing its 2017-2020 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 users.
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 332 million
Total cost (Approximate amount)
EUR 352 million
If located in the EU, the project would be subject to the EU Environmental Impact Assessment (EIA) Directive (2014/52/EU amending EIA Directive 2011/92/EU) and the Birds and Habitats Directives (2009/147/EC and 92/43/EEC respectively). A final draft EIA was completed (pending approval from the Competent Authority) and submitted to the Bank in April 2018 and is being assessed in the context of the appraisal. There are no natural 2,000 habitats. No protected areas will be impacted. The nearest protected area in the region is the Borjomi Nature Reserve which is located more than 15 kilometers south of the project road. The nearest Important Bird Area (IBA) to the project road is the Adjara-Imereti Ridge more than 20 kilometers south of the project road, which overlaps, with the Borjomi Nature Reserve.
The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement, the relevant applicable EU public procurement rules and relevant applicable local legislation. Publication of tender notices will take place in the Official Journal of the European Union, as required.
Approved - 3/09/2018