Fund Millennium Challenge Georgia has signed two contracts on implementation of a project on rehabilitation of the Georgian Main Gas Pipeline. The Fund stroke the contract worth of $8.4 mln with Trust KhazarDanizNeftGazTikinti of the State Oil Company of Azerbaijan (SOCAR). The contract stipulates carrying out repair and rehabilitation works on the Georgian Gas Main.
Also, the Fund signed a contract with Georgia's Georgian Engineering. The Company will be granted $1.4 mln. to rehabilitate the gas main in its two dangerous sections.
The Fund is about to fully rehabilitate the gas pipe line, which is under the control of the State.
Within the contract signed, the four most dangerous sections of the gas main will be reconstructed. Fund Millennium Challenge Georgia is Tbilisi's branch of American MCC, that granted $40 mln. on the repair and rehabilitation works of the Georgia Gas Main.
US granted funds on the rehabilitation of the gas pipe line as soon as Georgia repudiated to sell it to Russia's gas giant GazProm. The Georgian party is about to grant $45 mln. On the rehabilitation of the gas main at the expense of its own resources.