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

  • Funding found for Romanian road
    January 20, 2015
    A €305.7 million loan is being provided to Romania through the European Commission. This will be used to to fund the construction of the Cernavoda-Constanta section of the Sun Highway. The loan will not have to be repaid as it will fall under the Cohesion Fund. The Romania retroactively requested the EU to fund the Highway after contracting with the European Investment Bank in 2005 for a loan to cover construction costs.
    Read More
  • Costa Rica: Conavi gets more time and funds for road maintenance
    October 26, 2015
    Costa Rica’s road agency Conavi has extended the deadline and increase funds by $154 million for road repair and maintenance contracts. Contracts will be extended for the companies involved which include Constructora Meco, Grupo Orosi, Quebradores del Sur, Constructora Hernan Solis and Conansa. The Treasury Inspector's Office made the announcement, according to El Pais newspaper. Meanwhile, four banks are considering an investment in the 60km San Jose-San Ramon Road Expansion Project. They include
    Read More
  • Central Asia’s need for improved transport infrastructure
    October 5, 2018
    Central Asia has a need for improved transport infrastructure to help develop economies - Gordon Feller reports
    Read More
  • Chinese funding will help develop Nepal’s road network
    January 7, 2013
    A grant worth US$18.33 million from the Chinese Government has helped fund work in neighbouring Nepal. The funding has been used to develop the road connection stretching from Syprubesi to Rasuwaghdi in Nepal. The 5.5m wide road is a single track connection measuring 16km long and features a tarmac surface. The Syprubesi-Rasuwaghadi road was opened officially on December 27th 2012 and the construction work took 30 months to complete. The road now makes it possible to reach Kerung in China, some 20 km far fr
    Read More

Highlighted Content