2019-05-14
"Georgia is our key partner in the Eastern Partnership and we will continue supporting the East-West connectivity, along with significant projects implemented in the energy sector of the country" noted Vazil Hudak, Vice President of the European Investment Bank (EIB) after his meeting with Head of Government of Georgia in Brussels today.
Meeting held within the scope of the 10th Anniversary of Eastern Partnership (EaP) between Mamuka Bakhtadze, Prime Minister of Georgia and Vazil Hudak, Vice President of the EIB predominantly focused on the current projects supported by the Bank and details of future cooperation.
"Prospects of EIB operation were discussed with the Head of Government of Georgia. On the one hand, we will continue supporting the East West Connectivity, as this road is important for a further integration of Georgia into a greater European space. We will also support energy projects - modernization of hydro power plants (HPPs) and power transmission lines. Within this context we wish to support new and innovative projects, as Georgia has a huge potential in the area of innovations and technologies, e.g. e-mobility, local transport, etc. Prime Minister of Georgia has a clear vision on the substitution of маршрутка-s with e-busses and clean cars. Thus, we will gladly support the development and modernization of local public transport to make the commuting cleaner and safer for passengers" added the EIB Vice President.
It was pre-announced at the meeting that President of the EIB is scheduled to visit Georgia to take part in the conference titled as Georgia's European Way.
EIB has in total invested 1.33 billion Euros in the public sector of Georgia, while it has allocated 188 million Euros as non-sovereign project financing in the private sector of the country.