Statement by Coalition “Transparent Foreign Aid to Georgia” On Potential Impact of the Proposed Black Sea Regional Transmission Project on the Borjomi-Kharagauli National Park
To overcome the crisis following the August 2008 Russia’s military aggression donor countries and international financial institutions pledged USD 4.55 billion assistance to Georgia. A great part of this aid will be used to finance the infrastructure and energy projects. One of them – the Black Sea Regional Transmission Project – envisages rehabilitation/construction of a 500-kilowatt power transmission line (from western Georgia to the Azerbaijani and Turkish borders). Euro 8 million grant was allocated for preliminary studies and preparation of project documentation, while the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and German Reconstruction Bank (KfW) plan to allocate Euro 250-million loan for the project implementation/construction.