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Government to Spend 22 Million EUR on Tbilisi Schools Rehabilitation

Government to Spend 22 Million EUR on Tbilisi Schools Rehabilitation

Government of Georgia and Council of Europe Development Bank (CEB) have concluded loan and grant agreements on allocation of 20 million EUR resource to Georgia, including 14 million EUR preferential loan will be alloted by CEB and the remaining 6 million EUR will be granted by Eastern Europe Energy Efficiency and Environmental Partnership Fund (E5P).

This resource will be enlarged by 2 million EUR co-participation of Georgia. The total amount will be spent on reconstruction of about 25 public schools and increasing energy efficiency in the mentioned schools. The project will have important environmental and social effect; steadiness of chosen and reconstructed schools will be enhanced; vulnerability to seismic activity will be minimized and energy efficiency will increase by at least 40%.