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European Investment Bank to finance road construction in Georgia

Business Materials 30 April 2012 18:35 (UTC +04:00)

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.

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