European Investment Bank to finance road construction in Georgia
Georgia, Tbilisi, April 30 / Trend N. Kirtzkhalia /
The Georgian government will take a loan from the European Investment Bank to construct the 51 kilometer-Samtredia-Grigleti road section in western Georgia.
The European Investment Bank will allocate 170 million euro to construct the road, as well as a grant worth 20 million euro, Prime Minister Nika Gilauri said at a meeting today.
He said that the loan will be given for 30 years. The government will not pay interest during the first ten years.
He added that the east-west highway was practically contracted. Only a part of Samtredia-Grigoleti left. But it will be contracted soon.