Investment

Partnership Fund Offers EIB to Join GINO Green City Project

Partnership Fund Offers EIB to Join GINO Green City Project August 14, 2018Leave a comment
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The Partnership Fund of Georgia offers European Investment Bank (EIB) to affix GINO Green City project.

The Partnership Fund executive director plus the EIB vice president discussed the work. Simultaneously meeting, the Georgian Party introduced the principles and key working pieces of Partnership Fund into the European Bank representatives.

The Parties discussed the situation of constructing an eco-city near Tbilisi Sea and arranging various infrastructure, including, hotels, recreation complex, public school, kindergarten, medical center and various recreational zones. The Parties also discussed ongoing and future projects.

Partnership Fund representatives and EIB v . p . Vazil Hudak also determined specific goals for long-term cooperation.

We remind you that in July 2017, EIB signed three financial agreements with Georgia: 250 mln EUR deal for transport communication project; 3.5 mln EUR purpose of rehabilitation of Vardnili and ENGURI HPPs and third project for way to obtain 10 electric buses and 20 diesel buses to Batumi municipal transport fleet.

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