📋 Tender Overview
Project ID: 56375
Status: Approved
Location: Georgia
Business Sector: Manufacturing and Services
Notice Type: Private
Environmental Category: B
Approval Date: 21 Oct 2025
Disclosure date: 21 Oct 2025
Project Description
EUR 25MM senior secured loan to Tegeta Motors (the "Loan").
Project Objectives
The Loan will finance the construction of a new service centre focused on trucks and heavy machinery in Tbilisi.
Transition Impact
ETI score: 65
Well-Governed: Tegeta Motors will implement a comprehensive Corporate Governance Action Plan ("CGAP") with the Bank's support, aiming to enhance transparency, board effectiveness, internal controls, and alignment with international best practices.
Inclusive: The Project addresses critical skills gaps in the automotive sector by expanding Tegeta Academy's capacity to deliver upskilling programs for heavy vehicle mechanics and operators, helping to meet increasing industry demand.
