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European Bank Provides Additional Funds to Support Water Projects in Kutaisi

The European Investment Bank (EIB) has signed a new Eastern Partnership Technical Assistance Trust Fund (EPTATF) Grant Agreement of over €3 million with the Georgian Ministry of Regional Development and the utility company the United Water Supply Company of Georgia.

These funds, totalling €3.25 million, will be used to finance specialised professional services to support the utility company in its implementation of the EIB Kutaisi Waste Water project.

Under a finance contract dated 15 October 2015, the EIB made a loan of up to €100 million available to the Georgian Ministry of Regional Development, which will improve the collection and treatment of wastewater in the city of Kutaisi.

The project is part of Georgia’s Water Sector Rehabilitation programme, which consists of a series of investments that aim at improving the water supply in Kutaisi, Ureki, Poti and Zugdidi and wastewater collection and treatment in Kutaisi, Ureki and Poti (Kutaisi Waste Water project).