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The European Bank for Reconstruction and Development (EBRD) gives US$ 60m to Georgia for Tunnel Project

 

European Bank for Reconstruction and Development (EBRD) gives 60 million US dollars to country of Georgia (nort east border of Türkiye) for construction of the nine kilometre-long tunnel is part of Georgia’s North-South Corridor, a large-scale infrastructure development project between Kvesheti and Kobi Caucasian Road Corridor.

European Bank for Reconstruction and Development (EBRD) is not an European Union establishment.  It was found by USA to upgrade ınfrastructure and USA influence in ex-Soviet-ally countries in Central and East Europe. But today it give money from Mongolia to Egypt and Morocco.

EBRD has 69 shareholders but most shareholders with pocket change money and rest real money. Following countries are shareholders financers of European Bank for Reconstruction and Development (EBRD) with how much their share:

https://www.ebrd.com/shareholders-and-board-of-governors.html

You want to read more about tunnel project in country of Georgia:

https://emerging-europe.com/news/ebrd-to-co-finance-georgian-highway-project/

 

 

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