Georgia
CAREC in Georgia
Georgia joined CAREC in October 2016 and has been active in all CAREC-related events, including hosting the 22nd CAREC Ministerial Conference in November 2023. Located at the crossroads of Europe and Asia, and benefiting from reforms in customs and trade facilitation, Georgia could become an important clean energy and transit corridor, expanding access to global value chains. Georgia is connected to CAREC Corridor 2.
The CAREC 2030 Strategy aligns with the priorities in the Development Strategy of Georgia—Vision 2030. The strategy aims to diversify the economy, boost exports, and transform the country into a hub for renewable energy trade, multimodal transit, tourism, logistics, and finance.
Cumulative Investments
In 2016–2024, more than $2.9 billion was invested in five CAREC-related projects in Georgia. About $2.7 billion (94%) went to four transport projects, all financed or cofinanced by ADB. ADB contributed about 42% of CAREC-related investments in Georgia, with significant cofinancing from the European Investment Bank and the Japan International Cooperation Agency.