Asian Development Bank offers $80m for Georgian secondary roads project

EBRD is supporting the SMEs, energy efficiency measures and access to trade finance in Georgia. Photo by N. Alavidze/Agenda.ge

Agenda.ge, 19 Jun 2017 - 20:57, Tbilisi,Georgia

The Asian Development Bank (ADB) will allocate $80 million to help improve the conditions of secondary roads in Georgia.

An agreement signed today aims at rehabilitating around 50km of road connecting Dzirula-Kharagauli-Moliti-Phona-Chumateleti, as well as railway stations and roads leading to Borjomi-Kharagauli Park.

ADB will allocate $80 million for the "Improving the Conditions of Secondary Roads” project @ADB_HQ https://t.co/KLDelXDbK3 pic.twitter.com/xpoemqbVYQ
— Giorgi Kvirikashvili (@KvirikashviliGi) June 19, 2017

Georgian Prime Minister Giorgi Kvirikashvili spoke about the projects funded by the ADB and the positive economic trend in the country with Sean O'Sullivan, Director General for Central and West Asia at ADB.

Kvirikashvili thanked the ADB for the support provided in terms of implementing infrastructural projects, reforming pension and capital markets and the public-private partnership system.