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France to allocate 4 million euro credit to Georgia

2008-12-04 18:03

French government is going to allocate a 4.69 million euro credit for Tbilisi International Airport and Gruzaeronavigatsia primary and secondary radars and other navigation equipment supplies.

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The project «Financial protocol between Georgian and French governments» was presented by Georgian President to the Parliament for ratification today. It had already been discussed at parliamentary committees - the committee of industry economy and committee of budget and finance. MPs supported adding the protocol to the next plenary meeting's agenda.

The credit term counts 18 years with 6-year grace period with interest rate of 1.1.per cent per year.

The sum will be transferred to Georgia on December, 31st 2009 at latest.

 

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