22 January 2021,   00:48
The Government of Germany allocates Euro 200 mln to Georgia for mobility, energy, infrastructure and biodiversity projects

Germany will allocate a Euro 200 million to Georgia as part of an agreement signed today between two countries. It will be spent on the following projects:

Sustainable urban mobility in Georgia – Euro 102 million
Open programme energy efficiency in Georgia - Euro 43.2 million
Utility infrastructure for environment and tourism - Euro 30 million
Biodiversity and sustainable local development - Euro 18.5 million
Energy efficiency measures and approximation of EU energy efficiency standards in buildings - Phase II - Euro 1.8 million

It should be mentioned that within the financial and technical cooperation with Germany, more than Euro 1 billion in funding in the form of grants, technical assistance and soft loans have been allocated for Georgia.