Georgian PM: gov’t invested $69 mln more in infrastructure projects in 2019
Georgian Prime Minister Mamuka Bakhtadze says that the country will have modern infrastructure by 2022. Photo: Prime Minister’s press office.
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Georgian Prime Minister Mamuka Bakhtadze says that the government has increased funding of infrastructure projects by 20 per cent in 2019, which is the “highest figure” in the history of independent Georgia.
The Georgian Ministry of Infrastructure has invested 200 million GEL ($69 million) more in the Georgian infrastructure [in the first half of 2019]. Strong regions means a strong country and regional development is our priority,” Bakhtadze said during the presentation of a six-month report on regional projects earlier today.
Bakhtadze vowed that by 2022 Georgia will have “very modern infrastructure,” which will allow the government to further develop the economy and overcome poverty.
Bakhtadze stated that the 2019 plans for the infrastructural development is “more ambitious” than ever.
Georgian Infrastructure Minister Maia Tskitishvili says that there is no connection between the Anaklia deep sea port project and the ongoing money laundering investigation involving the founders of TBC Bank. She says that Anaklia Consortium, had faced problems in attracting funds for the 2.5 billion USD project before the investigation was launched involving TBC Bank.
The Kutaisi bypass road will be modernized as a 4-line highway, as work on the road has already begun.
The European Commission together with the World Bank have developed a new Indicative trans-European Transport Network (TEN-T) Investment Action Plan that identifies priority projects in Eastern Partnership countries, including in Georgia.
Georgia’s Ministry of Regional Development and Infrastructure has announced its priority projects for 2019.