Chinese Sinohydro company plans to implement new reconstruction project in Georgia
BAKU, Azerbaijan, Sept.17
By Tamilla Mammadova – Trend:
Chinese Sinohydro company keeps cooperating with the Government of Georgia and soon the company will undertake the reconstruction work on the 42-km section of the Khulo-Zarzma road of Batumi (Angi)- Akhaltsikhe highway, Trend reports via Georgian media.
The Kuwait Fund For Arab Economic Development (KFAED) finances the project for 95 million lari ($30.2 million).
The Batumi-Akhaltsikhe highway project consists of three main parts. The parts to be reconstructed include 47 kilometers and 7 bridges.
This is a very sophisticated and important project, however, the Chinese company assures that they have a rich experience of implementing similar projects worldwide.
Sinohydro launched cooperation with the Government of Georgia in 2009.
Recently, the company has finished two projects. Before engaging in the Khulo-Zarzma project, the Chinese company finished six other projects in Georgia, including Rikoti Pass rehabilitation works, funded by the World Bank in 2010. Later in 2011-2013, the Chinese company rehabilitated the Kobuleti bypass road, funded by Asian Development Bank (ADB).
In 2014-2016 the company has worked on the Tbilisi-Rustavi highway. The project was financed by ADB.
As for two last projects, Sinohydro built two other roads in Georgia, a section of the Samtredia-Grigoleti road. The project was financed by European Investment Bank (EIB).
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