1. 1 Urban Transport Projects P aul Covenden Tbilisi, October 2006 Municipal and Environmental Infrastructure

2. 2 MEI ETC portfolio and pipeline – by country and sector By Country By Sector Portfolio – EUR 72.6 Pipeline – EUR 40.0

3. 3 Transport: a challenging priority Challenges: –Getting public transport back on track –Political will and commercial reality –Environmental challenge: Euro 1, 2, 3 etc… –Lack of interest from donors (concessionality requirement) Opportunities: –Rapid implementation - high visibility –Good credit: cash collection and city service payments –Strong transition impact: procurement, corporate management –Sovereign guarantees not required

4. 4 Tbilisi Bus Project: Description Tbilisi Bus Project: Description Loan EUR 3.1 million (linked to grant) Second-hand large buses 50 new midi-buses for hilly areas Spare parts and workshop equipment Bus Company Corporate Development Plan Assistance for restructuring PT sector

5. 5 Tbilisi Bus Project - Environment Environmental Audit/Action Plan for Company Environmental Analysis of EBRD funded investments Implementation of standards to reduce bus emissions (EURO 2 standard versus 3) Strengthening health and safety standards Reducing mini-buses in the city centre Supports the City’s Transport Strategy

6. 6 Metro Energy Efficiency Project Metro Energy Efficiency project –Saving up to 30 percent of electricity –Restore reliability –Harmonize buses and metro Energy Audit –Investment plan and expected savings –Simple investments with rapid pay back

7. 7 Contact Paul Covenden covendep@ebrd.com Tbilisi Office +(995 32) 92 05 12/13/14 London Office +44 - 207 - 338 - 6918