Georgia, WB Sign USD 19 Million Credit Agreement

Georgia Materials 16 December 2006 11:08 (UTC +04:00)

(civil) - The World Bank and the Government of Georgia signed a credit agreement for the First East-West Highway Improvement Project for USD 19 million, the World Bank reported.

The project aims to improve Georgia's major transit corridor, the East-West Highway, by upgrading the highway from two to four lanes and contributing to the capacity building of road sector institutions, reports Trend.

The credit was signed during a Symposium in Washington highlighting the improving investment climate in Georgia, which was attended by Georgian Prime Minister Zurab Nogaideli.