Export Development Canada (EDC) Plans to Cooperate with Georgia

Nodar Khaduri, Minister of Finance of Georgia, met with representatives of Export Development Canada (EDC) and Canadian company Behlein Industries representatives last week to discuss the long-term cooperation prospects for the two countries.

EDC Agency representatives declared their readiness to provide USD 120-150 million financial resources for the realization of large-scale investment projects throughout Georgia.

Minister Khaduri debriefed the two company representatives on the investment climate in the country and introduced the spatial rearrangement reform. He also discussed the transport and transit possibilities Georgia has to offer.

Behlain Industries is already building sports complexes in Telavi, Batumi and Gori with 33 USD 850,000 investments allocated. It plans to expand in railway, roads and recycled goods storage construction as well as infrastructural development.

Nino Gugunishvili