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EBRD to finance municipal infrastructure modernisation in Bakuriani

1 min read

The FINANCIAL — The population of Bakuriani, a city in the Borjomi municipality of Georgia, will benefit from improved public transport and services thanks to a €5 million loan provided by the European Bank for Reconstruction and Development (EBRD). The EBRD is a leading institutional investor in Georgia. The Bank has invested over €3.8 billion in 252 projects. EBRD allocated €5 million loan for municipal infrastructure modernization in Bakuriani resort.  The financing will help to acquire special vehicles for street cleaning, snow removal and waste collection, as well as to purchase multi-purpose trucks, and 10 modern buses for passenger transport, as…

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EBRD to finance municipal infrastructure modernisation in Bakuriani

1 min read

The FINANCIAL — The population of Bakuriani, a city in the Borjomi municipality of Georgia, will benefit from improved public transport and services thanks to a €5 million loan provided by the European Bank for Reconstruction and Development (EBRD). The EBRD is a leading institutional investor in Georgia. The Bank has invested over €3.8 billion in…