Infrastructure Minister : There is an attempt to put responsibility on the state

Infrastructure Minister : There is an attempt to put responsibility on the state

access_time2019-03-25 10:00:22

Georgian Infrastructure Minister Maya Tskitishvili says that among 8 demands put forward by potential investors to the government there are some that will be difficult to fulfill.

 “Out of 8 points 2 concern state guarantees. For example, one of them requires the government to take on the commercial risks of the  project. Investors demand from the state compensation for possible losses associated with the lack of turnover. This is very problematic, as it is about a commercial loss, ” she explains.

 Maya Tskitishvili believes this condition is very difficult to fulfill, since the reasons for possible losses can’t be  determined – it may be  political factors for which  the state is responsible , or ineffective management, for which the state cannot be responsible.

  “It is quite possible that if we accept these conditions, all other potential investors will also demand  state guarantees,” the Minister notes.


 Tskitishvili adds that according to one of the conditions, if the port turns out to be unprofitable, it goes to  the state which is obliged to pay them compensation in the amount of $ 400 million.

“Whether it is  right and fair, taxpayers should decide, as their  money can go to cover the losses of banks and investors "- she says.


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