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Signature(s)

Amount
€ 49,450,000
Countries
Sector(s)
Georgia : € 49,450,000
Transport : € 49,450,000
Signature date(s)
11/02/2016 : € 49,450,000
Link to source

Summary sheet

Release date
24 September 2015
Status
Reference
Signed | 11/02/2016
20150426
Project name
Promoter - financial intermediary
GEORGIA EAST-WEST HIGHWAY II
Ministry of Regional Development and Infrastructure
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 49 million
EUR 176 million
Location
Sector(s)
Description
Objectives

Development of a new highway alignment along the E-60 East-West Highway and, specifically, the 14 km section between Zemo Osiauri and Chumateleti. The project is part of the European route E-60, which is the second-longest European road corridor running from France to Kyrgyzstan. In Georgia, it runs from the Red Bridge at the Azerbaijan Border to the Poti Port at the Black Sea Coast, a distance of about 388 km.

The construction of this section of the East-West corridor will contribute to the development of trade, regional integration and interconnectivity, which are important factors for economic growth, progress and social transformation.

Environmental aspects
Procurement

If the project was located in the EU, it would fall under Annex I of Environmental Impact Assessment (EIA) Directive 2011/92/EC. An EIA (and a resettlement action plan) is being done. During appraisal the Bank will review the EIA process to confirm that it complies with applicable domestic legislation, the principles laid out in the EU directives and any other relevant international conventions to which the Republic of Georgia is party, including an assessment of any cross-border impact of the project on the environment (ESPOO Convention).

The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules. The calls for tender and the award notices will be published in the Official Journal of the EU as appropriate.

Comments

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Link to source

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).

Documents

Environmental and Social Impact Assessment (ESIA) - GEORGIA EAST-WEST HIGHWAY II - EIA for East-West Highway Zemo Osiauri-Chumateleti
Publication Date
7 Mar 2016
Document language
Main Topic
Lending
Document Number
63325767
Document Focus
Environmental Information
Project Number
20150426
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - GEORGIA EAST-WEST HIGHWAY II
Publication Date
30 Jan 2016
Document language
Main Topic
Lending
Document Number
64463625
Document Focus
Environmental Information
Project Number
20150426
Sector(s)
Countries
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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