EBRD Allocates 75 Million Euros for Rehabilitation of Metro Tbilisi

EBRD has already decided to finance the Tbilisi Metro Rehabilitation Project in early 2020. The volume of the project is 75 million euros, or 267 million GEL at the current exchange rate. Its implementation is planned from 2022, for which the state budget provides funding of 117.5 million GEL.

According to the appendix of the investment projects of the budget, the rehabilitation of the metro envisages the repair of wagons, the rehabilitation of the depot and the Saburtalo line.

"Tbilisi Metro project is funded by the European Bank for Reconstruction and Development (EBRD), the total cost of which is 75 million euros and envisages the rehabilitation of the subway cars, the existing depot and the tunnel connecting the Saburtalo line.

The project is a capital project with a high cost, but at the same time it should be considered that the project envisages the rehabilitation of the existing system infrastructure to ensure the upgrade and security of outdated systems," - the document reads.

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Economy

EBRD Allocates 75 Million Euros for Rehabilitation of Metro Tbilisi

EBRD has already decided to finance the Tbilisi Metro Rehabilitation Project in early 2020. The volume of the project is 75 million euros, or 267 million GEL at the current exchange rate. Its implementation is planned from 2022, for which the state budget provides funding of 117.5 million GEL.

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EBRD Allocates 75 Million Euros for Rehabilitation of Metro Tbilisi

EBRD has already decided to finance the Tbilisi Metro Rehabilitation Project in early 2020. The volume of the project is 75 million euros, or 267 million GEL at the current exchange rate. Its implementation is planned from 2022, for which the state budget provides funding of 117.5 million GEL.

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 05

Georgian Parliament Passes Draft Law on Transparency of Foreign Influence in First Reading 06

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
05

Georgian Parliament Passes Draft Law on Transparency of Foreign Influence in First Reading
06