The financial resource in the amount of 250 million Euro allocated to Georgia by the European Investment Bank (EIB) will be used for construction of Rustavi-Red Bridge and Rustavi-Sadakhlo highways – Mamuka Bakhtadze, Georgian Prime Minister said during a press conference held jointly with Vazil Hudák, EIB Vice President.

“The financial support is very important for Georgia. This will enable to develop vitally important infrastructure projects more actively,” PM said.

The European Investment Bank (EIB) will allocate additional financial resource to Georgia in the amount of 250 million Euro. The agreement was signed at the Georgian Presidential Administration.

Georgian Prime Minister Mamuka Bakhtadze and EIB Vice President Vazil Hudák inked the document and talked about successful cooperation related issues during the meeting. Discussions were focused around modernization of transport and municipal infrastructure, energy security, assistance of small and medium-size businesses and financing of innovative projects.

The volume of investment projects financed in the public sector by EIB is about 1,33 billion Euro. The EIB allocated financial resources to the private sector in the amount of 215,8 million Euro.