EBRD May Participate in Rehabilitation of Georgia’s Gas Pipeline

The European Bank for Reconstruction and Development (EBRD) is interested in participating in the rehabilitation of Georgia’s major gas pipeline system, the Georgian PM Zurab Nogaideli’s press officer reported on May 4, after talks between PM Nogaideli and EBRD President Jean Lemierre in London on the sidelines of the business forum Invest in Georgia.

No other details of the talks were reported. The U.S.-funded aid program Millennium Challenge Account has already pledged to allocate USD 49.5 million to rehabilitate Georgia’s North-South Gas Pipeline, which delivers gas from Russia into Georgia and which is also used for transit of Russian gas to Armenia via Georgia.

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