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THE EUROPEAN RECONSTRUCTION AND DEVELOPMENT BANK WILL GIVE TO GEORGIA TWO CREDITS FOR THE 60 MILLION TOTAL SUM

				
				
				
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THE EUROPEAN RECONSTRUCTION AND DEVELOPMENT BANK WILL GIVE TO GEORGIA TWO CREDITS FOR THE 60 MILLION TOTAL SUM
DOLLARS
      Tbilisi, on March, 18th. A/PRIME-TASS/. The European bank
Reconstruction and developments/EBRR/will be granted to Georgia by the loan
In the 20 million sum doll for realisation of the project of rehabilitation
The Georgian railway. Besides, 6 million doll on these
The purposes will be allocated in the form of the grant with the European union. About it
The first vice-president of the European Reconstruction and Development Bank has informed at a briefing on Wednesday
Charles Frank who is in Tbilisi with the official
Visit.
      The European Reconstruction and Development Bank also will grant the loan in 40 million doll for
Reconstruction of the largest in Georgia InguriGES / its dam
Is in settlement Dzhvari of Tsalendzhihsky area in 5 km
From Abkhazia, and a part of hydrocascades - in Galsky area
Abhazii/.
      According to C.Franka, activity of the European Reconstruction and Development Bank in Georgia on
To comparison with last years has increased twice and in the present
Time volume of capital investments of bank in republic
Makes 70 million EKJU.
      The bank is intended to put the means in development
Hotels, bank sector, factory on manufacture
Glass container. Besides, the European Reconstruction and Development Bank is intended to take part
In privatisation power and telecommunication
Spheres, and also in building gazo - and oil pipelines in
Georgia.
     Today in Tbilisi the agreement has been signed between
The European Reconstruction and Development Bank and the Georgian TBC-bank about opening to the last
The demand line of credit at a rate of 2 million doll under the program
Assistance torgovle. - 0 - nb/sbg
//* an information Source: the Prime-TASS, 18.03.98
//* Reg. Nom. - 1080300149.06-------------------------------------------