ADB, Georgia Sign Loans for Water and Sanitation Improvement Projects

23-12-2016

The Asian Development Bank (ADB) and the Government of Georgia have signed a $99 million ADB loan to upgrade water supply, sewerage, and sanitation systems for nearly 62,000 people in the secondary towns of Marneuli, Bolnisi, and Chiatura.

“The project will help meet the growing demand for reliable, safe water and sanitation — a high priority of the government,” said Yesim Elhan-Kayalar, ADB Country Director in Georgia.

The project is the sixth and last tranche of the $500 million multitranche financing facility for the Urban Services Improvement Investment Program, signed by Georgia and ADB on 1 March 2011. The main program outputs include improved infrastructure by rehabilitating, reconstructing, and expanding water supply and sanitation systems, improved institutional
effectiveness through better management of water and sanitation services, and efficient program management.

Since 2007, ADB has mobilized more than $2.1 billion in public and private sector financing operations for Georgia.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB in December 2016 will mark 50 years of development partnership in Asia. It is owned by 67 members—48 from the region. In 2015, ADB assistance totaled $27.2 billion, including cofinancing of $10.7 billion.

 

Retrieved from ADB