"Allocation of 3.4 billion Euros by EU to Georgia once again confirms that Georgia is a reliable partner of EU" stated Mamuka Bakhtadze, Prime Minister of Georgia at the press briefing held prior to the Executive Government Meeting today.
As noted by the Head the cabinet, the allocated amount will be used to implement dozens of infrastructure projects in the country.
"EU has allocated financial resources to Georgia in the volume of 3.4 billion Euros. It is a genuinely significant project, which will help us make Georgia further more competitive. The referred amount will be used to implement dozens of infrastructure projects. Our request to EU on the augmentation of its financial support to Georgia has been met and I wish to express my most sincere gratitude to our European friends for this" added the Prime Minister of Georgia.
According to the Head of Government of Georgia, direct meetings and communication were held with EU Commissioners on November 21, resulting in the offering of the referred format to the only country of the Eastern Partnership - Georgia.
"We reviewed the referred projects together with them and I wish to let our society know that this portfolio has been approved. I wish to congratulate everyone and once again express my enormous gratitude to our European friends for this decision" noted the Prime Minister of Georgia.
The official document published by the EU notes Anaklia Deep Sea Port as a top priority project in Georgia. The amount of financing of the second phase of construction will be about €233 million. In addition, EU is committed to finance the construction of a new railroad with 100 million euros. New railroad will connect Anaklia to the central railroad system of Georgia.
Other projects include:
Construction of Chumateliti-Argveti highway - €1 billion;
Construction of Grigoleti-Poti bridge - €25 million;
Construction of Grigoleti-Kobuleti highway - €101 million;
Construction of Batumi bypass road - €115 million;
Construction of Kutaisi airport cargo terminal - €61 million;
Construction of Rustavi-Red Bridge Highway - €115 million.
According to the Head of Government of Georgia, referred funding will be invested in the sectors of energy, transport and connectivity.
"Significant priority of EU integration roadmap is to deepen connection with EU through individual projects to be implemented in the sectors of transport, energy and connectivity. We have been actively working towards this end and their implementation will give new opportunities to our country for a greater integration with EU. Within this context, we welcome the publication of a Trans-European Transport Network (TEN-T) Investment Plan. Its implementation will make it possible to construct and rehabilitate new and existing roads, railways, marine and air ports, along with logistics centers and border checkpoints" concluded the Prime Minister of Georgia.
