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EIB to allocate 250 mln euros for road infrastructure

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BM.GE
23.04.18 11:41
783
Maya Tskitishvili, Minister of Regional Development and Infrastructure of Georgia, met Sebastien Husson de Sampigny, regional representative of European Investment Bank (EIB) in the South Caucasus and Elizabeth Weidner, Deputy Head of Strategic Road Department and representatives of the mission. At the working meeting, the parties discussed EIB financed current projects and future cooperation details, which envisages allocation of 250 mln euros for road infrastructure under the Georgia’s Transport Communication Project II. European Investment Bank, under two agreements on Georgia’s Transport Communication Project, has already allocated total of 500 mln euros. Within the framework of the above financing agreements, construction of Grigoleti-Choloki 14-kilometer section is planned, as well as construction of Chumateleti-Khevi (with the World Bank co-financing) and Ubisa-Shorapani sections.