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Tag Archives: Rikoti

Rikoti Pass Project Postponed to 2022

The Rikoti Pass project’s implementation has been postponed to 2022, Maia Tskitishvili, the nominee for the position of Minister of Infrastructure noted during her speech before the Parliament. The project deadlines have been revised by several years, she added. “The Rikoti project will be implemented in four lots. The Rikoti …

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Asian Development Bank to Finance Construction of Khevi-Ubisa Section

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 …

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30 mln to be Spent on Khevi-Argveta Construction Project on Rikoti

30 mln to be Spent on Khevi-Argveta Construction Project on Rikoti

30 million GEL will be spent on preparation of construction project of Khevi-Ubisa-Shorapani-Argveta road section. The Joint Stock Company Engineering S.R.L/Spea Engineering S.P.A. in association with Design and Survey Institute “Transproject” LTD, Designing & Consulting Company BT, Kavtransproject Ltd has won the tender. 12-month contract, cost of 7 985 950 USD …

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Rikoti Highway Project Estimated at 0.8-1 billion USD

Several hundreds of millions of USD will be spent on Rikoti project implementation. Highway construction works will start in 2018. Giorgi Seturidze, head of Roads Department told Business Course that the project is very expensive and its budget will be about 0.8-1 billion USD. “Designing works are being carried out …

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Chinese Investors to Construct a Highway in Georgia

Rikoti Highway

The 56 kilometers long highway through Georgia’s Rikoti pass can be constructed by Chinese investors. Presumably, this section of the highway will be brought under the Chinese control for 50 years. Georgia’s Minister of Regional Development and Infrastructure Nodar Javakhishvili said that he met with the representatives of two Chinese …

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POWERCHINA Seeks Massive Investment in Rikoti Highway and Anaklia Deep-Sea Port

Anaklia Port

Georgia’s government negotiates with Chinese large company POWERCHINA, on massive investment projects. Two strategic projects, such as building Anaklia deep-sea port and renewing Rikoti highway are being discussed. PM Irakli Garibashvili met with the representatives of POWERCHINA few days ago. Company operates in 108 countries and its investment portfolio equals …

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