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Home / Economy / European Investment Bank will allocate additional EUR 100 million to Republic of Georgia
European Investment Bank will allocate additional EUR 100 million to Republic of Georgia

European Investment Bank will allocate additional EUR 100 million to Republic of Georgia

Georgia will receive additional 100 million EUR from European Investment Bank.

Meeting was held between Municipal Development Fund executive director Juansher Burchuladze, members of Donors Relations and Projects management Unit and EIB representative – Ionas Bistrom, Georgia Koutsiana and Aleksandra Vilkom.

During the meeting projects performed based on MDF and EIB last year cooperation were discussed, as well as future goals were set.  Georgia will receive additional EUR 100 000 000 from EIB, mentioned amount will be applied to Georgia’s municipal infrastructure development.

Visiting ongoing projects throughout the country financed by EIB within the framework of “  Urban reconstruction and development program” is also scheduled by the parties.

The sum should be spent for the development of municipal infrastructure in Georgia.