Georgia Receives Around €55.6 Million from EBRD to Modernize Metropolitan Transport in Tbilisi
Agreements were signed today by and between Georgia and European Bank for Reconstruction and Development (EBRD) envisaging the modernization of metropolitan transport in Tbilisi.
Loan and Grant Agreements were signed by H.E. Lasha Khutsishvili, Minister of Finance of Georgia and Mark Bowman, EBRD Vice President for Policy and Partnerships during his working visit to Georgia held within the scope of a Caucasus Tour.
Financial resources in the volume of around 55.6 million Euros will be used for the rehabilitation of underground metropolitan stations in Tbilisi and refurbishment of escalators.
Project will be implemented by the Mayor’s Office in the Municipality of Tbilisi through Tbilisi Transport Company (TTC).
Mark Bowman, EBRD Vice President for Policy and Partnerships is visiting Georgia together with Matteo Patrone, EBRD Managing Director for Eastern Europe and the Caucasus (EEC).
This visit was preceded by a series of meetings held by H.E. Odile Renaud-Basso, EBRD President in Tbilisi in September 2022.
The current visit aims to review the upcoming projects of EBRD to be implemented both in the private and public sectors of the country.
Prime Minister Irakli Garibashvili meets President of Swiss Confederation
Today, Georgian Prime Minister Irakli Garibashvili met with Alain Berset, President of the Swiss Confederation.
The close cooperation and friendly relations between the two countries in both bilateral and multilateral formats-also the importance of Switzerland’s long-term contribution to the development of various directions under Georgia’s ambitious reform agenda-were emphasized at the meeting.
Commitment to further deepening the bilateral trade and economic cooperation between the countries was expressed. As the Prime Minister pointed out, it is commendable that numerous Swiss companies have been successfully operating in Georgia for many years, and it is also important for the trade and investment cooperation between the two countries to become even more attractive for Swiss entrepreneurs.
The Head of Government thanked the President of the Swiss Confederation for supporting Georgia’s sovereignty and territorial integrity.
The importance of Switzerland’s function as a mediator between Georgia and the Russian Federation after the 2008 conflict was also underlined.
Press Service of the Government Administration