EBRD partners with Tegeta Motors to transform Georgia’s automotive sector

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, announced on 17 December,  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.

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. At least 200 participants will benefit from training programmes that combine theoretical instruction and practical sessions at the GEZI service centre.

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Press release