Tbilisi Transport Company

What Tbilisi Transport Company does

Tbilisi Transport Company (TTC) is a 100% government-owned limited liability company subordinated to Tbilisi City Hall that has, since 2009, unified Tbilisi's metro (operating since 1966), municipal bus network, four ropeway lines, and citywide zonal parking under one operator. The company runs two metro lines (including the Saburtalo Line extension with the State University station opened in 2017), several hundred municipal bus routes served by a fleet of 12-metre Euro 6 CNG buses (144 acquired in 2016, 126 BMC PROCITY buses added in 2020), MAN 18-metre articulated buses on the highest-demand corridors, and the Rike-Narikala, Turtle Lake and Bagebi-University ropeways, together with a three-zone parking system covering up to 32,000 spaces acquired in 2018.

The technology layer combines a real-time bus tracking platform, automatic passenger counting on every new 12-metre CNG bus, a contactless Metromoney smart card usable across metro, bus, minibus and ropeway (reloadable at metro stations, ropeway stations, and Bank of Georgia terminals), and a bilingual TTC mobile app for journey planning, live bus arrivals, offline timetables and contactless-card support, alongside a separate Tbilisi Parking app. Back-office operations are supported by an in-house controller force of 120-200 inspectors and an active safety/environmental management unit set up in 2018 under the EBRD-funded ESMS programme.

TTC operates as a regulated public-service monopoly: revenue comes from flat fare box (1 GEL per 90 minutes of unlimited transfers, plus subscription tiers from 3 GEL daily to 250 GEL annually), preferential and free travel for registered vulnerable groups, ropeway ticket sales (Rike-Narikala 2.5 GEL, Turtle Lake 1 GEL), zonal parking fees, fare-evasion penalties, advertising sold via alma.ge, and capital funding channelled through Tbilisi City Hall from the EBRD, AIIB and ADB. Capex programmes include a EUR 37.88 million EBRD-financed bus contract (2020), AIIB Loan P000889 covering 97 metro cars over six years (2024), an in-progress tram line between Didi Digomi and Didube, and ongoing pursuit of ISO 45001 certification.

Name

Tbilisi Transport Company

Legal name

შპს „თბილისის სატრანსპორტო კომპანია" (Tbilisi Transport Company LLC)

Website

https://ttc.com.ge

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

101–250 employees

Short description

Tbilisi Transport Company is a 100% Tbilisi City Hall-owned LLC that operates the Georgian capital's metro, municipal bus fleet, four ropeways, and citywide zonal parking under a single integrated network with a universal Metromoney contactless payment card.

Ownership category

akta.pro rank

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Others

Revenue model

1. Public Transport Fares: Revenue from passenger fares across metro, municipal bus, minibus, and Bagebi-University ropeway, sold as single 90-minute trips (1 GEL), or subscription packages for 1 day (3 GEL), 1 week (20 GEL), 1 month (40 GEL), 3 months (100 GEL), 6 months (150 GEL) and 1 year (250 GEL).
2. Ropeway Ticket Sales: One-way fare revenue from Rike-Narikala ropeway (2.5 GEL) and Turtle Lake (Kus Tba) ropeway (1 GEL per ride; 1 GEL for bicycle transport).
3. Preferential and Free Fares: Discounted fare revenue (10–20 tetri) from socially vulnerable citizens, students, pensioners, school staff and other registered categories, with several categories (e.g., WWII veterans, blind persons and companion, school pupils) travelling free.
4. Fare Evasion Penalties: Administrative penalty revenue from passengers travelling without valid tickets (5 Lari per English site / 20 Lari per Georgian site, payable within 30 days), with surcharge of 50 Lari / 40 Lari on non-payment.
5. Zonal Parking Fees: Revenue from zonal hourly parking system across Tbilisi (zones A, B, C), with payment via the Tbilisi Parking app, fast payment machines, or free for local residents who register their vehicles.
6. Advertising and Promotional Partnerships: Advertising space on vehicles, stations, and the website, operated through partnership with alma.ge.
7. Government Grants and Concessional Loans: Public funding from Tbilisi City Hall, EBRD loans/grants, AIIB loans, and ADB historical financing for fleet expansion and infrastructure modernisation projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Tbilisi Transport Company operates the integrated public transport system of Tbilisi, Georgia, running the Tbilisi Metro, the municipal bus network, three ropeway/cable car lines and the city's zonal parking system. It sells passenger fares (per-trip and subscription Metromoney packages), ropeway tickets and zonal parking fees, and provides journey planning and parking mobile apps for iOS and Android that combine real-time bus tracking, route planning and cashless payments.

Product overview

Tbilisi Transport Company (formerly Tbilisi Metro Ltd) operates an integrated multimodal public transport portfolio for Tbilisi, fully owned by Tbilisi City Hall. The company unifies five transit modes — Tbilisi Metro (subway), Municipal Bus Service, Rike-Narikala Ropeway, Turtle Lake (Kus Tba) Ropeway, and Bagebi-University Ropeway — together with the Tbilisi Parking System (up to 32,000 spaces) added in 2018. Cross-modal payment is enabled by the Metromoney contactless smart card, supported by a TTC Mobile Application (iOS and Android) that provides Journey Planner, Realtime Bus arrival, route maps, timetables, and fare information. Operations are supported by the transit.ttc.com.ge web journey planner and a dedicated Tbilisi Parking mobile app. Active capital programs include the Tbilisi Bus Extension Project (BMC PROCITY 12M CNG fleet), the upcoming Tbilisi Metro Modernization Project (97 new metro cars under AIIB financing), and the Tbilisi Didi Digomi – Didube Tram Line (new tram line design-build).

Differentiator

Problem solved

Functional benefit

Products and services

• Tbilisi Metro The subway system of Tbilisi operating since 1966 with two lines and stations including Didube, Rustaveli, Akhmeteli Theater, Varketili and State University. Recently modernised through rolling stock upgrades and a new State University station opened in 2017.
• Municipal Bus Service The municipal bus service of Tbilisi serving more than 200,000 daily bus passengers across multiple routes with a fleet of 12-metre Euro 6 CNG buses plus 18-metre MAN articulated buses, supported by three bus depots and automatic passenger counting systems.
• Rike-Narikala Ropeway 500-metre cable car line with 7 gondolas connecting Rike Park with Narikala Fortress, built by Italian company LEITNER to European safety standards, fully accessible for persons with disabilities. One-way fare of 2.5 GEL.
• Turtle Lake (Kus Tba) Ropeway Cable car line between Vake and Kus Tba (Turtle Lake) operating with two gondolas and travelling from Chavchavadze Avenue to Turtle Lake in approximately 6 minutes. Both stations adapted for persons with disabilities and equipped with bicycle holders. One-way fare of 1 GEL per ride; bicycle transport 1 GEL.
• Bagebi-University Ropeway Cable car line connecting the Bagebi settlement with University Street, integrated into the municipal transport subscription fare system. Operates at standard municipal subscription pricing alongside metro, bus and minibus.
• Tbilisi Parking System Municipal parking management system with up to 32,000 spaces organised into zonal hourly zones A, B and C, offering 15-minute free parking, local-resident exemption and cashless payment via the Tbilisi Parking mobile app or fast payment machines. Operations joined TTC in 2018.
• Metromoney Contactless Smart Card Universal contactless smart card for fare payment across metro, bus, minibus and Rike-Narikala ropeway. Costs 2 GEL one-time, refundable within 1 month with original receipt; reloadable at any metro station, ropeway station or Bank of Georgia express payment machine. Provides automatic discount system and supports subscription packages.
• TTC Mobile Application Mobile application for Android and iOS offering Journey Planner, real-time bus arrival prediction, a map with metro lines and bus routes, offline timetables, favourite-stop saving, fares information and contactless Metromoney card support. Distributed via Google Play and the Apple App Store.
• Tbilisi Parking Mobile App Mobile application for finding and managing zonal hourly parking spaces in Tbilisi. Features include adding a car, 15-minute free parking usage, starting and ending parking counts, fee payment, attaching free parking to property, and viewing parking lots on the Tbilisi map. Available on Google Play and the Apple App Store.

Quantifiable outcome

• More than 200,000 daily bus passengers served (English site) or 500,000+ (Georgian site).
• +6 more outcomes

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature7 records

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Moscow Metro: State-owned metro and integrated surface transport operator in Moscow, comparable in being a government-controlled multimodal urban transport monopoly with metro, bus, and tram services. Operates at a far larger scale but shares the same structural model of municipal ownership, concessional financing, and integrated fare systems (Troika card).
• Transport for London (TfL): Municipal transport authority for Greater London operating Underground, buses, river services, and formerly cable car (IFS Cloud Cable Car). Directly comparable to TTC's integrated multimodal model — though at vastly greater scale — with Oyster/contactless fare integration, real-time journey planning apps, and concession-funded capex.
• IETT (Istanbul Electric Tram and Tunnel Enterprises): Municipal public transport authority for Istanbul operating city buses, metro, trams, and ropeways (including the Tünel funicular). Comparable to TTC as a municipally owned multimodal operator with ropeway and bus operations, integrated electronic farecard (Istanbulkart), and large-scale MDB-financed fleet expansion.
• Metrorex (Bucharest Metro): State-owned metro operator in Bucharest, Romania, comparable to TTC's metro function within an EU-accession context. Similar EBRD/EU-financed rolling stock renewal programmes, electronic ticketing rollout, and reliance on EU-backed concessional financing.

Direct peers

• Yerevan Metro: Single-line metro operator in Yerevan, Armenia, directly comparable as another South Caucasus capital-city metro under government ownership. Smaller scale than TTC but exhibits the same combination of legacy infrastructure, concessional financing needs, and farebox underrecovery.
• Kyiv City State Administration - Kyiv Metro and Kyivpastrans: Municipal metro, tram, trolleybus and bus operator for Kyiv, directly comparable to TTC as a post-Soviet capital-city multimodal transport monopoly. Operates a similar fare structure, electronic ticketing, and concession-funded fleet renewal programmes under the same geopolitical and macro context.
• Baku Metro: State-owned metro operator in Azerbaijan's capital, directly comparable to TTC's metro function. Similar Soviet-era infrastructure base, ongoing modernisation, and government-funded rolling stock renewal, with a comparable scale of ridership and capital intensity.
• Minsktrans (Minsk City Transport): Municipal transport operator in Minsk, Belarus, integrating metro, bus, and trolleybus services. Highly comparable operating model to TTC: state ownership, integrated multimodal network, electronic fare cards, and publicly subsidised fare levels.

Emerging players

• RATP Dev (Transdev subsidiary): Global operator of urban and intercity transport networks under concession, frequently engaged by municipalities to operate metro, bus, and ropeway systems on contract. Comparable to TTC as a multimodal urban transport operator with relevant experience in cable-car systems and integrated fare management, and a likely partner/operator for TTC's tram and metro modernisation roll-outs.

Others

• Leitner-Poma (ropeway manufacturer and operator): Italian ropeway manufacturer that designed and built the Rike-Narikala ropeway (opened 2012) currently operated by TTC. A direct technology and supplier partner to TTC for cable-propelled transit, making it the most relevant adjacent/enabling peer for TTC's ropeway segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ttc.com.ge

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tbilisi Transport Company