GrCF2 W1 - Tbilisi Metro Project

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

Provision of a sovereign loan of up to EUR 75 million to Georgia (in two tranches), expected to be co-financed by the EBRD and the Green Climate Fund (the "GCF"). The loan will be on-lent to the city of Tbilisi (the "city") for the benefit of the Tbilisi Transport Company Ltd (the "company"), a municipal company, which operates buses, the metro system and cable cars in Tbilisi.

Project ID 51392

Status Complete

Location

Georgia

Business Sector

Municipal Infrastructure

Notice Type

State

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Gvanca Pirpirashvili
GPirpirashvili@metro.ge
+995577082151
http://ttc.com.ge/
Tbilisi Transport Company 2, Station Square, Tbilisi 0112, Georgia

Project ID 51392

Status Complete

Location

Georgia

Business Sector

Municipal Infrastructure

Notice Type

State

Environmental Category

Approval Date

23 Apr 2020

Disclosure date

17 Feb 2020

Project description

Project objectives

The investment will improve the reliability, safety and efficiency of public transport through the acquisition of approximately 40 modern metro cars (10 train sets) for the company to replace existing, outdated rolling stock, as well as rehabilitation of metro depot and a tunnel.

The project is part of a broader programme aiming to assist the city in reforming its management of public transport by financing the renewal of bus and metro systems and network restructuring.

Client information

GEORGIA SOVEREIGN

Georgia represented by the Ministry of Finance. The project will be implemented by the city and the company.

EBRD Finance Summary

EUR 65,000,000.00

€65 million sovereign loan to Georgia (in two tranches).

Total project cost

EUR 75,000,000.00

The total project cost is €75 million.

The project will also benefit from the technical cooperation assignments to support project preparation and implementation.

Additionality

The project will be another step for the city to implement the GCAP and to meet commitments made to other sustainability initiatives and programmes.

EBRD offers financing that is not available in the market from commercial sources on reasonable terms and conditions. Moreover, EBRD expertise in the sector will support application of enhanced standards.

Environmental & Social Summary

The Project is categorised B under the 2014 Environmental and Social Policy. An independent Environmental and Social Due Diligence ("ESDD") included an Environmental and Social analysis of the proposed investment under Tranche 1 as well as a review of the existing corporate environmental, social, health and safety management systems and the capacity of the Company to manage risks associated with the proposed Project in line with the EBRD Performance Requirements ("PRs"). Tranche 2 of the Project, which covers the construction of the new metro depot and rehabilitation of the metro tunnel will be subject of a separate ESDD and Management Approval.

The Company is well-known to the Bank through a number of other projects and the EBRD is supporting several environmental and social ("E&S") related TCs for the Company. Regular progress and monitoring reports confirm that the Company has achieved substantial progress in implementing previously agreed Environmental and Social Action Plan ("ESAP") and general E&S Management Systems and has capacity to deliver the Project in line with EBRD PRs.

The Project will bring substantial environmental and public health benefits through modernisation of the metro car fleet. It will increase accessibility and mobility for all user groups and improve overall quality, safety and efficiency of urban transportation.

The Project will not have significant adverse social impacts to local communities or other project affected parties, nor will the Project require the acquisition of any land or result in involuntary resettlement or economic displacement.

Any adverse impacts will be site specific and addressed by the ESAP that has been developed for the Project, which includes, inter alia, further improvement of Environmental & Safety Management Systems, including improvement of sanitary and hygienic conditions for the Company employees, effective waste management and waste water treatment facilities. The Company will be required to include requirements to energy efficient equipment (e.g., regenerative braking system for the rolling stock and others) into the tender documentation. The ESAP was presented to the Company and will be agreed prior to the Board meeting.

The environmental and social performance of the Project and implementation of the ESAP will be monitored through annual E&S reports and site visits when deemed necessary.

Details of Non-Technical Summary of the project: Georgian | English

Technical Cooperation and Grant Financing

The following technical co-operation ("TC") assignments are included as part of this project:

Due Diligence. The estimated cost of the assignment is up to EUR 70,000 proposed to be financed by an international donor, the GCF or the ERBD Shareholder Special Fund ("SSF").
Project Implementation Support. The estimated cost of this assignment is up to EUR 275,000, proposed to be funded by an international donor, the GCF or the SSF.

Company Contact Information

Gvanca Pirpirashvili
GPirpirashvili@metro.ge
+995577082151
http://ttc.com.ge/
Tbilisi Transport Company 2, Station Square, Tbilisi 0112, Georgia

PSD last updated

15 Jul 2020

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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GrCF2 W1 - Tbilisi Metro Project

Overview

Project timeline

Company Contact Information

Project description

Project objectives

Client information

EBRD Finance Summary

Total project cost

Additionality

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)