Baku, Azerbaijan, July 29
By Tamilla Mammadova – Trend:
By 2030, the EU investments for the development of large infrastructure projects in Georgia will reach the amount of 3.4 billion euros , Trend reports with reference Galt & Taggart, the Organization of investment research in Georgia.
According to the European commission and World Bank’s investment action plan, priority investments of around 12.8 billion euros were identified across Eastern Partnership countries including Georgia.
A total of 18 infrastructural projects with an estimated investment of 3.4 billion euros, six of which are currently underway, will be implemented in Georgia with support from international financial institutions.
Along with the projects funded by the EU, 1.5 billion euros have been allocated for development of road section throughout Georgia. Furthermore, 233 million euros have been provided for the second stage of the Anaklia deep sea port, and 100 million euros are allocated to finance construction of a road and and a railway to Anaklia.
Within the EU funding, 61.5 million euros are to be used for the construction of a cargo terminal at the airport in Kutaisi, and 144 million euros provided for the construction of two logistics centers in Kutaisi and Kumisi (near Tbilisi).
(1 EURO = 3.25 GEL on July 29)