BAKU, Azerbaijan, May 18
By Tamilla Mammadova – Trend:
The European Bank for Reconstruction and Development (EBRD) will allocate financial resources for Georgian air navigation, Trend reports citing Georgian media.
The project aims to address the urgent need of liquidity support to Georgian air navigation service provider (Sakaeronavigatsia Ltd.) in the period of unprecedented economic impacts of COVID-19 crisis. The proposed transaction is in line with the Vital Infrastructure Support Program (VISP) under the bank's COVID-19 Solidarity Package.
The goal of the project is to support the Georgian air navigation service provider to overcome a temporary shock and focus on its key functions.
Sakaeronavigatsia Ltd. is fully owned by the Government of Georgia and is the national provider of air traffic navigation and monitoring services in the country.
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