EBRD allocates €50.6 million to modernize Tbilisi metro
20.01.2023
The European Bank for Reconstruction and Development (EBRD) has provided a €50.6 million loan to Georgia to upgrade up to 12 metro stations in the country’s capital, Tbilisi, to encourage the transition to public transport. Railway Supply magazine writes about this, citing IRJ.
The metro network, consisting of two lines, 19.6 km line 1 from north to south and 7.7 km line 2 from east to west, is operated by the Tbilisi Transport Company.
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The financial package includes an investment grant of up to €5 million from the Green Climate Fund, established by 194 governments to “limit or reduce greenhouse gas emissions in developing countries and help vulnerable societies adapt to the inevitable impacts of climate change.”
An EBRD loan of €50.6 million will help equip the city’s metro stations with better lighting and ventilation, as well as more efficient escalators, while the drainage system will be overhauled to make the metro network more resilient to climate change. There will also be infrastructure improvements and a new asset management plan to reduce the length of time that the metro system needs to be out of action for essential maintenance, as well as boosting TTC’s non-fare revenues.
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