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Prime Minister: EU Allocated 3.4 billion EUR for Georgia

Georgia will receive 3.4 billion EUR credit from EU as part of the Trans-European Transport Network initiative. The mentioned investment portfolio has been approved and the funds will be spent on developing new roads, bridges, seaports and other projects, Prime Minister Mamuka Bakhtadze noted.

‘European Union has allocated 3.4 billion EUR to make Georgia more competitive. These funds will be spent on implementing several tens of infrastructural projects. I would like to thank my European friends. Georgia has offered a direct format to EU. We have discussed these issues jointly with them and I would like to inform you that this portfolio has been approved.

Projects will be implemented in power sector, transport and communications fields. Specific projects will more integrate Georgia with EU and make it more reliable and steady partner”, Bakhtadze noted