E-60 RUSTAVI - RED BRIDGE SECTION (FL 20170159))

Promoter – Financial Intermediary

MINISTRY OF REGIONAL DEVELOPMENT AND INFRASTRUCTURE

Location

• Georgia

Description

This is the first allocation under the existing Georgia Transport Connectivity II Framework Loan (FL) approved by the Bank on 30 November 2018 and signed on 19 February 2019. It consists of the upgrade of the Rustavi-Red Bridge road (approximately 32 km) which is the main road connecting Georgia to Azerbaijan. Rustavi-Red Bridge is part of the E-60 highway and the extended Trans-European Transport Network (TEN-T) core network in Georgia.

Objectives

The proposed loan will support the Georgian Government in completing the implementation of its national priority 2017-2020 construction and upgrading programme for the road network. The objective is to promote sustainable road infrastructure development providing efficient transportation, enhancing cross border and regional connectivity, the population's local mobility and ensuring short- and long-term benefits for all road users.

Sector(s)

• Transport - Transportation and storage

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 187 million

Environmental aspects

If located in the EU, the operation would be subject to the 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). Those investment schemes which would normally fall under Annex I and/or are screened in, would require an EIA. The EIA process and approval, biodiversity assessment requirements, climate adaptation, social impacts and mitigation measures will be further checked during the appraisal. In particular, the Bank's services will discuss with the competent authorities the environment permits needed to implement the investment schemes, as well as any social and land acquisition issues and protected areas affected by these sub-projects.

Procurement

The operation will be implemented with other international financial institutions. The Bank will require the Promoter to ensure that any procurement procedures on the road sections financed by the Bank are done in accordance with the EIB Guide to Procurement and the relevant applicable EU public procurement rules.

Status

Approved - 24/02/2021