Gardabani Wastewater Treatment Plant & Water Supply Infrastructure Rehabilitation

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The project entails the modernization and rehabilitation of water and wastewater infrastructure in Tbilisi. The rehabilitation will be undertaken by the owner and operator - Georgian Water And Power. GWP is a private utility operator and is 100% owned by BGEO Group plc. The EU bank will provide a EUR 21.47 million ($25 million) long-term loan to Georgian Water and Power to support its water and wastewater infrastructure development programme. The loan will enable GWP to rehabilitate the Gardabani wastewater treatment plant and to modernise and develop the water supply infrastructure. This will help GWP to meet its environmental objectives in line with the Georgia-European Union Association Agreement, and the investment into the wastewater treatment plant will improve ecological conditions in the river basin. The modernisation of the water supply network in Tbilisi will help to reduce water losses as well as energy use in the pumping stations. Clifford Chance provided legal advice on the deal. Financing closed on July 28, 2017. Georgian Water and Power (GWP) to be added to sponsors' list https://www.gwp.ge/en/