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Georgian government starting large-scale urban renewal program

Business Materials 26 April 2021 13:09 (UTC +04:00)
Georgian government starting large-scale urban renewal program

BAKU, Azerbaijan, April 26

Tamilla Mammadova – Trend:

The Georgian government is starting a large-scale renewal of the country, said Georgian Prime Minister Irakli Garibashvili at the government session, Trend reports via Georgian media.

According to him, the urban renewal project is planned for the regions, which will create 15,000 jobs.

As Gharibashvili noted, the cost of the first stage of the regional renewal project is 500 million lari ($145.5 million), which will be allocated from the state budget as well as with the help of international financial institutions.

"This program includes urban renewal in 63 municipalities, rehabilitation of important cultural and historical sites, rehabilitation of municipal administrative centers, as well as arrangement of recreational spaces, development of tourist infrastructure, rehabilitation of important public facilities in all municipalities. New leisure and tourist zones will be created within the framework of the program. There are many places in Georgia that we should make attractive, first of all for our citizens and our tourists," Gharibashvili said.

According to Gharibashvili, tenders will be announced this week and projects will start from June.

The regional renewal project will be implemented by the Municipal Development Funds and the municipalities.

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