The $2.5 billion project will establish a new maritime corridor between China and Europe, helping restore the historic Silk Road and stimulating national and regional economic growth.
Infrastructure/PPP news in Georgia
The Ministry of Economy and Sustainable Development of Georgia has announced that it recently hold a presentation of the Public-Private Partnership (PPP) Policy Document.
The government of Georgia has issued a pre-qualification questionnaire (PQQ) to shortlist bidder to carry out a health PPP project in the country.
Georgia's Ministry of Economy and Sustainable Development has requested the European Bank for Reconstruction and Development (EBRD) to provide technical assistance to develop a modern PPP policy framework and legislation in Georgia.
The project will be developed on a design, build, finance operation and maintenance basis.
GCF, a US$6 billion private equity fund focussed on investment opportunities in Georgia, has acquired 100% ownership of Mktvari HPP project, a Georgian hydro power plant project located in Akhaltsikhe region on the river Mtkvari, from JSC Caucasus Energy and Infrastructure (CEI).