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Tag Archives: Construction

18 million USD Russian Project in Batumi has been Cancelled

18 million USD Russian Project in Batumi has been cancelled.  Multi-functional building construction on the miracles square was planned by Russian company “ Rusach”. According to the head of Ministry of Finances and Economy Law Department, Gela Tsintsadze, the company did not manage to make arrangements with local population and …

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Construction Companies Complain About Difficulties With Financing

Construction Companies Complain About Difficulties With Financing

As is known, the Georgian construction business isfocused on short-term projects – that is, the construction of houses and their quick sale, while almost no one is engaged in a long-term development – the construction for the purpose of renting the apartments. Most developers interviewed by Commersant say that the …

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Turkish Stream’s Construction to Start in 2018

Turkish Stream’s Construction to Start in 2018

Construction of the Turkish Stream natural gas pipeline will begin in 2018 after the latest intergovernmental agreement has been signed this week, Sputnik International news agency quoted CEO of Russia’s Gazprom energy company, Alexei Miller as saying Oct.11. “According to our plan, construction itself will begin in 2018,” Miller told …

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TAP’s Construction Starts in Albania

TAP’s Construction Starts in Albania

The construction of the Trans Adriatic Pipeline (TAP) has started in Albania, TAP reported on Sept.30. The occasion was marked by an inauguration ceremony near the town of Fier, attended by the Prime Minister of Albania, Edi Rama, Minister of Energy and Industry, Damian Gjiknuri, and TAP Managing Director, Ian …

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Construction of BTK Railway Nears Completion

Construction of BTK Railway Nears Completion

The construction of  Baku –Tbilisi – Kars railway project, which promises to bring the entire region closer to Europe, is drawing to a close. Kars Governor Rahmi Dogan said that test rolling of the railway will be implemented in late 2016. A 79 kilometer-BTK railway section stretches through Turkey, while 58 …

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Construction of Samtredia-Grigoleti Highway Section Enters Active Phase

Construction of Samtredia-Grigoleti Highway Section Enters Active Phase

Works on the Samtredia-Grigoleti section of the main highway are entering active phase. At present, works are being carried out on laying road foundations for the aforementioned section and arranging artificial constructions. Stage 1 of the project will see the construction of an 11.5 km section of the highway with …

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Construction of Solar Power Plant is Planned in Georgia

Construction of Solar Power Plant is Planned in Georgia

Construction of pilot Solar Power Plant is planned in Gareji Plateau, Sagarejo Municipality. Feasibility studies are planed for the purpose of its construction, ownership and operation. Supposed installed capacity is up to 5 mgwt, annual output is over 8 mln kwh. However, feasibility studies of 50 mgwt Solar Power Plant should be …

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2481 Construction Licenses Issued in Tbilisi in 2016

In January-June 2016, a total of 1334 new buildings were constructed in Georgia, including 416 ones are located in Tbilisi. According to Geostat, the national statistics service of Georgia, residential buildings rank first in total quantity of new facilities, i.e. 708 ones. The quantity of commercial facilities is 201, industrial …

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