...

EBRD to allocate Georgia loan for construction

Business Materials 17 March 2010 14:41 (UTC +04:00)

Georgia, Tbilisi, March 17 / Trend N. Kirtskhalia /

The European Bank for Reconstruction and Development (EBRD) will allocate Georgia a loan to the amount of 100 million euros for the construction of a bypass railway in Tbilisi. The agreement was formalized today in the Georgian Ministry of Finance.

About 290 million euros were envisaged for the construction of a bypass railway in a final corrected project.

A 30-kilometer railway track to bypass Tbilisi, as well as bridges and tunnels are planned to be built within the project.

Construction work should be completed in 2013.

Latest

Latest