Economic Analysis Green Boulevard Batumi The purpose of this project is to technically assist the municipality of Batumi in securing support and funding for the development and implementation of the Green Boulevard project.The ‘Green Boulevard’ project has been discussed with the European Bank for Reconstruction and Development (EBRD), both in London and locally, which has shown interest in financing further development (pre-feasibility, feasibility) and eventual implementation of the project. However, before the municipality of Batumi can start cooperating with the EBRD on this project, the need to get technical support and negotiate project financing needed for formal approval from FIN. The EBRD requests this formal back-up of FIN to ensure a financial guarantee for the provided EBRD loan.A more thorough analysis to demonstrate and quantify the economic benefits and viability (income generation, cost prevention) and financial feasibility of the project is needed to get this approval from the EBRD and the FIN.