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EBRD to Fund Projects of 400 Million in Georgia

EBRD to Fund Projects of 400 Million in Georgia

European Bank for Reconstruction and Development (EBRD) will allocate the largest sum ever for funding the projects in Georgia.

The matter concerns to 400 million EUR, which should be spent on construction of several important projects. Including, Neskra HPP, credit line of 100 million for Bank of Georgia, renovation project of Tbilisi municipal buses, Rustavi Ferro Project – 155 million (restructuring of loans and modernization of plant), wind power plant project and cooperation with company Evex.

Bruno Balnavera, EBRD’s regional manager has noted at the Friday’s meting with the media that important attention should be paid to the healthcare sector. It should be noted, that portfolio volume of Euro Bank in Georgia exceeds 2,6 billion EUR.