Georgian government to take loan from France

Business Materials 30 September 2014 13:13 (UTC +04:00)

Tbilisi, Georgia, Sept. 30

By Nana Kirtzkhalia - Trend:

Georgia will take a loan worth 13.2 million euros from France. The government has already submitted an agreement for getting a loan at the French bank NATIXIS for the parliamentary ratification.

The loan will be taken for a period of 20 years at 0.17 percent per annum.

The approximate duration of the project implementation is 2014-2015.

The loan is intended for the purchase of the equipment in France and services for the construction of a rope way (gondola) in Chiatura.