The Foreign Relations and the EU Integration Committees considered the documents for ratification
At the joint sitting, the Deputy-Finance Minister, Giorgi Kakauridze introduced the documents for ratification: Frame Loan Agreement between Georgia and CEB and the Rehabilitation and Energy Efficiency Project of Tbilisi Public Schools.
School rehabilitation project value is approximately 22 ml. EURO, where CEB allocates 14 ml EURO as loan and 6 ml EURO as grant from ESP. ESP is the co-financing instrument for energy efficiency projects accompanying the loans of the international fiscal institutions. Co-participation of Georgia constitutes 2 ml EURO.
The agreement between Georgia and CEB was signed on October 18, 2016 and aims at reconstruction-reinforcement of Tbilisi public schools and energy efficiency therein. The main task is to improve safety, academic environ and energy efficiency in schools. Loan duration is 20 years, where 5 years are preferential. The project is implemented by the LEPL Educational and Scientific Infrastructure Development Agency.
As the First Deputy-Education Minister, Ketevan Natriashvili stated, the project covers 25 schools in Tbilisi to be selected with participation of CoE experts.
The second loan agreement between Georgia and EBRD concerns solid waste management project. As G. Kakauridze stated, the project aims at improvement of solid waste management in Georgia envisaging purchase of the solid waste collecting vehicles and containers. EBRD allocates 10 ml EURO as loan and 2 ml EURO as grant. The project consists of 2 parts and envisages acquisition of necessary equipment as technical maintenance in view of public awareness on solid waste sanitary processing. The loan duration is 10 years where 3 years are preferential. The project envisages purchase of 144 vehicles and 7209 containers. The project will be accomplished in 3 months and covers all the municipalities.
The EU Integration Committee considered the Convention between Georgian Government and Liechtenstein Government on Prevention of Double Taxation on Income and Capital and Elimination of Non-Payment, introduced by the Deputy-Finance Minister, Lasha Khutsishvili. The Convention aims at attraction of investments and enlargement of economic links with the countries of economic interest. The primary objective is to facilitate goods and service exchange and capital and human traffic, as well as elimination of evasion from tax payment. The Committee supported the documents.