The European Investment Bank (EIB) is lending €100 million to finance wastewater collection and treatment infrastructure in Kutaisi, Georgia’s second largest city with approximately 200 000 inhabitants.
The EIB will finance the rehabilitation and extension of the municipal sewerage system and the construction of a mechanical biological wastewater treatment plant.
EIB Vice-President László Baranyay, responsible for the Bank’s operations in Georgia commented:
“Water and sanitary infrastructure is high on the EIB’s agenda in Georgia, in line with the government’s priorities. We have already financed a number of projects in this sector across the country, and this is another loan with a major environmental and health dimension.”
The total project cost, which addresses water supply and wastewater investments in several municipalities in western Georgia, is €280 million, co-financed by the Asian Development Bank (€172 million) and with grants from the Neighbourhood Investment Facility (€4.75 million) and the Eastern Partnership Technical Assistance Trust Fund (€3.25 million).
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