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Asian Development Bank to Finance 700 Million USD of new projects

Vice Premier, Minister of Regional Development and Infrastructure Maia Tskitishvili spoke about the new project of ADB,  which will launch this year and move to a more active phase in 2020. The project covers Zugdidi and Mestia, Telavi, Akhmeta, Tusheti and Tbilisi sites with the funding amounted to 700 million USD.

“This is an ADB funding, ie, a new opportunity of the loan. In the process of formation of this project, we had consultations with regions, as well as with Asian Development Bank and several areas of project implementation have been identified, “- noted Maia Tskitishvili.

The Vice Prime Minister also said that the project does not include only infrastructure works and it is envisaged to renew the municipal transport where it is needed, as well as financing the business component with the help of small loans.

“We will promote ecologically clean, green technologies and so on. This is a very interesting and comprehensive project that completely fits in our vision of regional development,” said Vice Prime Minister.