Georgia lent €100m for wastewater treatment

The European Investment Bank (EIB) is providing €100 million (£73.6m) for a wastewater collection and treatment project in Georgia. It will help finance the rehabilitation and extension of the municipal […]

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By Priyanka Shrestha

The European Investment Bank (EIB) is providing €100 million (£73.6m) for a wastewater collection and treatment project in Georgia.

It will help finance the rehabilitation and extension of the municipal sewerage system as well as the construction of a biological wastewater treatment plant in Kutaisi, the second largest city in Georgia.

The total project cost, which addresses water supply and wastewater investments in different municipalities in western Georgia, is €280 million (£206m).

László Baranyay, EIB Vice President responsible for the Bank’s operations in Georgia said: 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.”