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GGU

ADB approved $150 mln loan to Georgia for improving water supply and sanitation

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The FINANCIAL — The Asian Development Bank (ADB) approved $150 million (in euro equivalent) in loans to improve water supply and sanitation services in Georgia and help the government craft an integrated approach to the sector’s development. Under the Sustainable Water Supply and Sanitation Sector Development Program, ADB will provide a $130 million policy-based loan and a $20 million project loan. The project-based loan will fund operation and maintenance capacity and equipment of UWSCG. It will help to prepare for national-scale rural water supply and sanitation development. The number of household connections will also be increased, and metering will be raised to…

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ADB approved $150 mln loan to Georgia for improving water supply and sanitation

2 mins read

The FINANCIAL — The Asian Development Bank (ADB) approved $150 million (in euro equivalent) in loans to improve water supply and sanitation services in Georgia and help the government craft an integrated approach to the sector’s development. Under the Sustainable Water Supply and Sanitation Sector Development Program, ADB will provide a $130 million policy-based loan…

ADB to invest nearly $40 mln in green bonds to upgrade water, sanitation in Georgia

2 mins read

The FINANCIAL — The Asian Development Bank (ADB) announced an investment of up to $20 million in green bonds to be issued by Georgia Global Utilities JSC (GGU), with proceeds to upgrade water supply and sanitation in Tbilisi and nearby municipalities, and to refinance debt of renewable energy and water operations. ADB will also administer a further…