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Europe Daily Bulletin No. 10617

22 May 2012
Contents Publication in full By article 30 / 33
EXTERNAL ACTION / (ae) georgia

21/05/2012 (Agence Europe) - Loan of €170 million for road infrastructure. On 11 May, the European Investment Bank (EIB) decided to lend €170 million to Georgia to fund the refurbishment and modernisation of the East-West motorway, a priority transport infrastructure which links Tbilissi, the country's capital, and its Black Sea ports to Turkey and Azerbaijan. This is the largest loan ever granted by the EIB to Georgia and also the first to the Georgian transport sector. (OL/transl.fl)

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