Financed ProjectsBatumi Unfunded Risk Participation

Identification Code:

OP/10/0810

Total Operation Cost:

0

Maturity:

181 months

Operation Status:

Description and Purpose of the Operation:

BSTDB provision of unfunded risk participation under the loan facility of EUR 20 million extended by Kreditanstalt fur Wiederaufbau (the "KfW") to the Finance Ministry of Georgia for rehabilitation of the municipal infrastructure in Batumi and the surrounding villages. The project involves rehabilitation of the water distribution network and the wastewater system including installation of a wastewater treatment plant.

Countries of Operation:

Georgia (100,00 %)

Financial Product:

Guarantees

Sector:

Utilities

Domain:

Public

Borrower/Client:

Kreditanstalt fur Wiederaufbau (the "KfW")

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The project will contribute to the Georgian socio-economic development. It will ensure a 24-hour supply of hygienically sound water to the people and treatment of wastewater. It reflects the BSTDB development objectives in the region and the successful joint efforts between BSTDB, KfW and the Government aimed at improving living standards for the people of Georgia.

Environmental Classification and Impact (summary):

Screened as A category. Assessment reports of A category operations are available in Project Center - Environment - Environmental Assessment

Operation Leader:

Energy & Infrastructure

E-mail:

ei@bstdb.org