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Mar 24, 2006 (newstodate): On April 26, the EBRD Board will approve the financing of the project for the major upgrades of Georgia's Tblisi and Batumi Airports.
The project at Tblisi airport comprises construction of a new airport terminal, improvements to the apron, taxiway and runway, and acquisition of new ground handling equipment, with projects to be completed by the end of 2006.
The project at Batumi Airport comprises construction works and modernisation of equipment and systems, with projects to be completed by mid-2007.
Behind the application for a loan of USD 27 million is TAV Urban Georgia, set up to implement the project and the holder of the concession to build, operate and transfer Tblisi International Airport.
The project at Tblisi airport comprises construction of a new airport terminal, improvements to the apron, taxiway and runway, and acquisition of new ground handling equipment, with projects to be completed by the end of 2006.
The project at Batumi Airport comprises construction works and modernisation of equipment and systems, with projects to be completed by mid-2007.
Behind the application for a loan of USD 27 million is TAV Urban Georgia, set up to implement the project and the holder of the concession to build, operate and transfer Tblisi International Airport.