During the implementation of the Eagle Hills project, approximately 5 billion GEL will be brought into the state budget, which, if we calculate it over 10 years, comes out to 500 million GEL per year. Prime Minister of Georgia said this during an interpellation hearing in Parliament.
"As for taxes, here too I would like to clarify what we have explained to the public - from various taxes, these are profit, value added, income tax - mainly these three types, approximately 5 billion GEL will be added to the state budget during the implementation of the project, which if we calculate it over 10 years, which is the maximum period, it turns out 500 million GEL per year.
Half a billion GEL per year will be added to our budget from this project alone. As for dividends, as already mentioned, we expect approximately 2 billion GEL, this is also the company`s own calculation, the total proceeds will be pure, net profit of 6 billion GEL, of which the state will have one third, or approximately 2 billion GEL, which is also an average of 200 million GEL per year, calculated over a maximum of 10 years.
One investment project alone brings an average of 700 million GEL to the budget per year.
You can do it yourself judge how much positive contribution this contribution can make to the implementation of budget projects, including the financing of our social projects, etc.", - said Irakli Kobakhidze.