Some 25 million euros to be invested in development of one Tbilisi district

Photo: Some 25 million euros to be invested in development of one Tbilisi district / Georgia

Tbilisi, Georgia, Dec.17
By Nana Kirtzkhalia - Trend:

The implementation of around 25 million euros worth of project will start in Varketili district of Tbilisi.

In accordance to the Georgian government's decision, a non-agricultural area of around 378,081 square kilometers in the fourth micro-district of Varketili was transferred to Innovations of Tbilisi Sea company in the form of direct sale for a nominal sum of $1,000.

The company will be required to build a multi-sports palace.

It is about building three halls, one of which must be rated for at least 7,000 people. Moreover, an Olympic-size pool and athletic arena will be constructed by March 1, 2015.

Additionally, it is planned to build four football fields in this territory by August 1, 2015.

Translated by L.Z.

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Tags: Georgia