Loans for Georgian roads

Loans from the European Investment Bank (EIB) and the EU will finance highway work in Georgia. The funds will be used to pay for the construction of the high-speed motor road running from West – East across Georgia. The EIB will give a long-term preferential credit worth €170 million, while the EU will provide a €20 million grant. As part of the project, a four lane highway measuring 52km will be built from Samtrediya – Grigoleti, while the 16km section Grigoleti - Kobuleti stretch will be repaired.
July 20, 2012 Read time: 1 min
Loans from the 1054 European Investment Bank (EIB) and the EU will finance highway work in Georgia. The funds will be used to pay for the construction of the high-speed motor road running from West – East across Georgia. The EIB will give a long-term preferential credit worth €170 million, while the EU will provide a €20 million grant. As part of the project, a four lane highway measuring 52km will be built from Samtrediya – Grigoleti, while the 16km section Grigoleti - Kobuleti stretch will be repaired.

For more information on companies in this article

Related Content

  • Nicaragua capital city road projects
    March 28, 2017
    Drivers in Nicaragua’s capital Managua look set to benefit from a series of road projects being planned. The work is intended to cut congestion at peak periods and smooth traffic flow. One of the major projects will be the upgrading of the Juan Pablo II motorway, with the addition of five new flyover sections. A loan worth US$105 million from the Central American Bank for Economic Integration (CABEI) plus another loan worth $136 million from the European Investment Bank (EIB) will help pay for the project.
    Read More
  • New Macedonia highway section opening
    April 30, 2018
    A new highway stretch measuring 28km long is opening in Macedonia. The work has been carried out by the Greek contractor Aktor. The project has cost €227 million. The new highway section runs from Demir Kapija to Smokvica. Financing has been provided jointly by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), a number of funds and also by Macedonia’s own budget. The completion of this section of highway now completes the route connecting the north and south of
    Read More
  • Morocco tender
    May 3, 2012
    The Moroccan Government is increasing its investment in roads and highways by 21% from last year. The country intends to spend US$6.32 billion on improving the road network. A further $14.5 billion is expected from private sources and other funding bodies. Work on the El Jadida-Safi highway project will commence in 2012 and is expected to cost $497million. Work on the Tit Mellil-Berrechid highway section will cost $152.55 million. The authorities in Morocco are now assessing 13 bids submitted in the tender
    Read More
  • Morocco tender
    April 24, 2012
    The authorities in Morocco are now assessing 13 bids submitted in the tender for a new highway between El Jadida and Safi. The 141km road will cost some US$640 million to build. The project will be divided into four sections, the 20.6km El Jadida-Jorf Lasfar stretch, the 39.2km Jorf Lasfar-Sidi Smail stretch, the 38.85km Sidi Smail-Oualidia stretch and the 43.5km Oualidia-Safi stretch. The road will include six junctions and a toll barrier. The contract will be divided between the winning operators selected
    Read More

Highlighted Content