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MDF

MDF. Main Activities Sustainability Long Term Vision. Main Activities. Physical Investments Employment Generation and Support of Business Development Support of Decentralization Process Support to Selected Municipalities. Physical Investments.

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MDF

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  1. MDF • Main Activities • Sustainability • Long Term Vision

  2. Main Activities • Physical Investments • Employment Generation and Support of Business Development • Support of Decentralization Process • Support to Selected Municipalities

  3. Physical Investments • MDF Investments Role in Supporting Decentralized Institutions • Investment Projects - Real Outputs • Investment Financing Principles

  4. Investment Projects - Outputs • Roads • Rehabilitated 695,000 Sq. meters of road, serving 160,000 cars daily • Water Supply and Sanitation • Improved water supply for 200,000 housholds, reduction of water losses, increase of efficiency of the system, improved fee collection • Social Services • Installation of heating systems in 51 Tbilisi Schools, New school in Ambrolauri; rehabilitation of two hospitals; improved learning conditions for 70,000 Pupils, improved working conditions for 3,000 teachers, improved care for 30,000 patient days • Transport Infrastructure • Rehabilitation of Tbilisi Metro Project, safe transportation for 110 million passengers annually • Lightening Systems • Four Investment projects (GEL 2,928,000). Economy to Tbilisi Municipality - approximately 650,000 GEL.

  5. Diversification of investment Projects by Sectors • Roads • Water And Sanitation • Social Services • Transport Infrastructure • Lightning service • Others

  6. Rustavi Water Supply Rehabilitation Project Problem Water shortage Outburst of infectious and enteric diseases and several cases of Hepatitis registered in 1997-1998. Inputs Improvement of the water supply system Installation of water-meters Project Cost – GEL 1,241,840.99 Results Increase of water debit – 1250 l/s from 300 l/s, No cases of Infection registered since the project implementation. Citizen satisfaction measured by the increased demand on water meter installation. Increased rate of collection: in the metered city enterprises – over 80%. Reduced cost of maintenance: from 0,25 GEL/m3 to 0,2 GEL/m3

  7. Employment Generation and Support to Business Development • Employment Generation • 99 investment projects implemented • 47 firms employed • 5,000 persons employed • Support to Business Development • 200 firms, participated in biddings, acquired experience with new competitive bidding procedures • Improved management and reporting skills • Improved quality of works

  8. Investment Financing Principles MDDP I IDA – 80 % Municipalities – 20 % MDDP II IDA – 60 % MDF – 20 % Municipalities - 20 % Grant – 40 % of Total Cost Loan – 40% of Total Cost Interest rate – 15% (One Year Grace Period) Loan Maturity 10 Years

  9. Sustainability • Self Sustainable Development • MDF Finances its Own Operating Expenses • MDDP II Includes MDF Financing of Investment Projects • Positive Financial Indicators • MDF - Sustainable Revolving Fund • Professional Staff

  10. MDF Investments

  11. MDF Loan Portfolio

  12. MDF Income

  13. MDDP II Project Cost USD 30.9 Mln. IDA USD 19.41 Mln. MDF USD 5.4 Mln. Municipalities USD 5.4 Mln. Government Of Georgia USD 0.54 Mln. Physical Investments USD 27.3 Mln. Technical Assistance USD 3.6 Mln.

  14. MDF Forecasts

  15. Long Term Vision • Long Term Development Strategy • Support of Decentralization Process • Technical Assistance to Local Self-Governments • Promoting Community Participation in Decision-making

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