With support from the European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB), the new document sets out the plans for new legislation that will institutionalise PPPs in Georgia.
Under the plans, Kumsishvili said the legislation would enable the government to deliver a range of infrastructure, covering healthcare, education and transport, through a PPP model once it has been passed.
“This is a new step for attracting more investments and to make investors feel more comfortable in our country,” he said. “We have finished a great part of our privatisation goals and now it is necessary to attract additional investments to create this legislation.”
In July, the EBRD launched a tender for PPP advisers to support the development of Georgia’s PPP laws.