Georgia, Tbilisi, March 18 / Trend N. Kirtskhalia /
Georgia's President Mikheil Saakashvili met with the President of the European Bank for Reconstruction and Development, Thomas Mirow. Georgia's President highlighted the importance to sign the agreement. It envisages the construction of a bypass railway in Tbilisi.
The Bank will allocate 100 million euros to implement this project. It will invest 80 million in construction of a new transmission lines. The president said the implementation of these projects contributes to the development of the country and creation of jobs.
"I would say that the historic package, which provides for the transfer of the railway was signed. A modern center will be set up in Tbilisi. The problem of traffic jams will be fully resolved. The capital will grow more than before. Construction of a 500-kilowatt transmission line is planned to be built. It means that Georgia will never be in the energy stalemate. Construction of many hydroelectric power plants will be possible. It means that tens thousands of people will be employed on the construction and enterprises. It will lead Georgia to the next level of development. This is a significant advancement for our energy sector, " Mikheil Saakashvili said.