Release date: 6 February 2015
Promoter – Financial Intermediary
UNITED WATER SUPPLY COMPANY OF GEORGIALocation
Description
Investments to build, rehabilitate and modernise municipal water-sector infrastructure.
Objectives
Improving water supply in Kutaisi, Ureki and Zugdidi as well as wastewater collection and treatment in Kutaisi, Poti and Ureki.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 105 million
Total cost (Approximate amount)
EUR 280 million
Environmental aspects
The project financed by the EIB loan concerns wastewater collection and treatment in Kutaisi. The project will provide significant environmental, health and social benefits by securing permanent access to safe water and sanitation services to a large number of people. The project will be subject to environmental impact assessment (EIA). Compliance with all applicable national environmental legislation as well as EU environmental and social principles, standards and practices will be verified during appraisal.
Procurement
Procurement will be in line with the EIB procurement guidelines, requiring international publication in the Official Journal of the EU for large contracts.
Status
Signed - 15/10/2015
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).