Georgia to receive foreign loans to develop infrastructure
Georgia, Tbilisi, Dec. 1 / Trend N. Kirtskhalia /
The agreement was signed at the Georgian Foreign Ministry to allocate additional loans to improve infrastructure, the government said today.
According to the document, 4 million euros will be allocated to Georgia. The document was signed by Finance Minister Dmitry Gvindadze and the head of environmental protection group at the German credit bank for reconstruction (KfW) Arne Goss.
The agreement includes the allocation of additional funds to rehabilitate houses for internally displaced people in Western Georgia. The sewerage system, water supply, housing and living conditions of refugees in Poti, Zugdidi, Kutaisi and Batumi will be also improved.