Asian Development Bank allocates $415 mln for improvement of North-South Road Corridor
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The Asian Development Bank (ADB) has approved a $415 million loan to Georgia to build a new highway as part of the Kvesheti–Kobi Road Project.
The 23-kilometer bypass road is part of the North South Corridor, which connects Georgia, Russia, Armenia and other countries.
The corridor intersects with the East–West Highway to the north of Georgian capital Tbilisi and provides access to the shortest link connecting Central Asia with Europe and East Asia.
The bypass will provide a safer and faster travel alternative for residents, tourists, and freight trucks, and enhance Georgia’s standing as a transport and tourism hub in the region.
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