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- EBRD lends €25 million to Tegeta Motors for service-centre expansion in Tbilisi
- Project boosts vocational training and governance through the Tegeta Academy
- Initiative strengthens Georgia’s role as a regional automotive hub
The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Tegeta Motors, the largest automotive distribution company in the Caucasus, to drive the transformation of the automotive industry in Georgia and the wider region.
The financing will support the expansion of Tegeta’s new service centre near the GEZI customs zone in Tbilisi. Strategically located on the Tbilisi bypass, a key link in Georgia’s East-West corridor, the facility will be capable of servicing more than 30 large vehicles simultaneously, significantly boosting Tegeta’s service capacity. Tegeta will contribute an additional €7 million to the project.
Alongside the loan, the EBRD will deliver two technical cooperation programmes: one to develop vocational training initiatives that align with international standards and the second to create a comprehensive corporate governance action plan designed to strengthen Tegeta Motors’ governance structures, in line with global best practices.
The agreement was signed at Tegeta’s GEZI service centre, attended by EBRD Regional Director for the Caucasus Alkis Vryenios Drakinos and Chief Executive Officer of Tegeta Motors Ekaterine Kavtaradze.
Through the Bank’s technical cooperation support, the Tegeta Academy will launch accredited training programmes for mechanics, digitalise existing courses to reach students outside Tbilisi and spearhead the creation of national occupational skills standards. The academy will also join the global European Training Foundation (ETF) Network of Excellence, setting a new benchmark for vocational education in Georgia. At least 200 participants will benefit from training programmes that combine theoretical instruction and practical sessions at the GEZI service centre.
This partnership marks a new phase of international cooperation for Tegeta Motors, reinforcing its commitment to European standards and strengthening its position in domestic and regional automotive markets.
To date, the EBRD has invested more than €5.7 billion in 316 projects in Georgia’s financial, corporate, infrastructure and energy sectors. Of that investment, 84 per cent has been in the private sector.