The travel time from the Red Bridge checkpoint at the Georgian-Azerbaijani border to the Sarpi checkpoint at the Georgian-Turkish border will be reduced to four hours, said the Head of the Road Department at the Ministry of Regional Development and Infrastructure, Irakli Karseladze. Large-scale infrastructure projects have been planned for …
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Asian Development Bank to Finance Construction of Khevi-Ubisa Section
The Asian Development Bank (ADB) will finance construction of Rikoti Pass road, Khevi-Ubisa 12.2 km section. The First Deputy Minister of Regional Development and Infrastructure of Georgia Irakli Karseladze, along with representatives of Asian Development Bank discussed the issue of financing of the Khevi–Ubisa section, reviewed the progress of the …
Read More »Ivanishvili’s Fund: Underground and Ground Parking lot near Pushkin Square to Accommodate 160 Cars
Co-investment Fund affiliated with Bidzina Ivanishvili, ex-Prime Minister of Georgia, explains the parking arrangement scheme on Freedom Square and disseminates photo materials. Irakli Karseladze, Chairman of the Supervisory Board of the Fund assures that any person will be able to use the parking. According to him, there is a parking …
Read More »Co-investment Fund to Open New Hotel in Shekvetili in Summer
Co-investment Fund plans to open a hotel in Shekvetili in summer period, Irakli Karseladze, head of the Fund’s supervisory board, told Business Course. “This summer we will open 5-star hotel in Shekvetili, which will be exemplar and very respectful hotel in Black Sea basin”, Karseladze noted. The hotel will comprise …
Read More »Tourism Development Fund: $680 million Investment and 8 Large-Scale Projects
Georgian Co-Investment Fund is to establish Tourism Development Fund of Georgia with a purpose of investing 680 million USD and administering 8 large-scale projects in Tbilisi, Guria, Ajara and Samegrelo. Fund aims at developing tourism infrastructure in the regions of Georgia where tourism industry had previously been overlooked. “The …
Read More »Ivanishvili is Ready to Give Projects of Tourism Sector to Other Investors
Bidzina Ivanishvili does not have business interest or any goal to get benefit from these projects in Georgia, – Irakli Karseladze, chairman of Supervisory Board of Co-Investment Fund has declared at the briefing held on Friday. Karseladze notes, that Mr Bidzina Ivanishvili is ready to leave 8 projects in tourism …
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