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Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

03 Jun 1997



PSD disclosed:

29 Mar 1997

Project Description

The project will involve the development of a wholesale market in two phases on a site in the Didi Digomi region of Tbilisi, and the establishment of three collection/assembly markets in the rural centres of Akhaltsike, Gurjaani and Marneuli. This project has been suspended following signing.

The project will support the development of a market-driven system for the distribution of horticultural produce and will provide much-needed facilities for small private enterprises engaged in the wholesale trading.

Transition Impact

The project will provide facilities for small private enterprises involved in the bulk trading of fresh produce. By allowing wholesalers to be based in a single location, the project will encourage competition leading to a reduction in consumer prices.

The Client

Green Market is a joint-stock company which has been registered for the purposes of implementing the project. The main shareholders in Green Market are: (i) the municipality of Tbilisi; (ii) Leader JSC (formerly the Georgia Village Producers Association).

EBRD Finance

Sovereign guaranteed loan of US$ 8.5 million (ECU 7.5 million) to Green Market. Standby facility of US$ 1.5 million to Georgia.

Project Cost

US$ 13.1 million (ECU 11.4 million).

Environmental Impact

The project was screened as 'B/1', requiring an environmental audit and an environmental analysis to investigate any environmental or health and safety issues associated with the existing sites and any potential issues associated with the proposed development. An environmental report was reviewed which raises issues that are typical for wholesale markets, including solid waste and waste-water management; nuisance from odours, noise, dust and traffic; pest management; workers' health and safety; the use of coolants in refrigeration; potentially existing liabilities due to soil and ground water contamination by previous or neighbouring activities; and overall environmental management. In particular, the selected site for the Tbilisi wholesale market will require special noise mitigation measures due to its location near a hospital. Design considerations as well as managerial measures are currently being examined and will be incorporated into the project.

On the basis of the combined environmental audit and analysis, the Market Company is preparing an Environmental Action Plan (EAP), which will be agreed with the EBRD to address the environmental issues that may arise as a result of the future activities, and to mitigate any existing liabilities. As part of the requirements of the Bank, the company will be implementing the EAP and reporting to the Bank on a regular basis on progress made in this respect. Requirements also include annual reporting on environment and health and safety and immediate notification in case of materially significant accidents or incidents.

Technical Cooperation

Technical assistance is required to assist the management of Green Market in the implementation and operation of the project facilities. Technical assistance will be structured in two phases: the first funded under the Bank's loan and the second funded by EC Tacis.


Business opportunities

For business opportunities or procurement, contact the client company.

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