The government of Georgia will receive 222m EUR from the European Investment Bank (EIB) to finance 5 various projects in 2009-2011, says the Finance Ministry of Georgia. 56ml EUR will be allocated to finance the construction of a 500-kw high-voltage transmission line.
The agreement on the project implementation will be signed in May, 2009, Finance Minister Nika Gilauri said. The European Bank for Reconstruction and Development (EBRD), the Development Credit Bank of Germany (KFW) and the European Investment Bank (EIB) will jointly finance the project. The project price totals 220m EUR.
