Kazakhstan to Invest US$10 Million to Build Electric Bus Assembly Plant in Georgia
Kazakhstan will invest about US$10 million to build an electric bus assembly plant in Georgia.
Member of Georgian Parliament, David Chichinadze said the investment deal includes Georgia purchasing at least 100 electric buses from Kazakhstan every year.
“I think that this amount is quite small given the demand for these buses that currently exist in Georgia. The project is quite promising, particularly because Kazakhstan will subsequently hand over the management of the plant to Georgia in two years,” he said.
Chichinadze also said the project will be beneficial for Georgia given the Government’s plans to promote the use of environmentally-friendly public transport in the country.
The project will also benefit Kazakhstan as the country could export more of its locally-made electric buses.
“Currently, Georgian authorities have to purchase buses from abroad. Price is very important for them. If the busses are attractive in terms of price and quality, I think that the Government will purchase them,” said Georgian economic expert, Vakhtang Charaya.
The Tbilisi mayor’s office is planning to purchase more than 700 buses that operates on natural gas and electricity in the upcoming several years.
Chichinadze said Kazakhstan and Georgia have strengthened their collaboration with the assistance of the Kazakh Embassy in Georgia.
Meanwhile, the trade turnover between the two countries totaled about US$150 million in 2018. Kazakhstan mainly exports oil products, fertilizers, metals as well as food and pharmaceutical products to Georgia.