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Chinese Company Involved in “Olympic Village” Construction not Plans to Carry out Other Projects in Georgia

The Chinese Corporation “Khualing” engaged in the construction of  the “Olympic village” project  is not going to invest in other projects.
Visiting the “Olympic village”  last week, Prime Minister Irakli Garibashvili said that the company planned to invest hundreds of millions in Georgia.

“Commersant” was told at “Hualing” Georgianrepresentation that  the Prime Minister spoke aboutthe continuation of a  new district on the Tbilisi Sea area  and at this point the investor doesn’t intend  to launch a new project.

The contract signed with the government involves the construction of the Olympic village meeting the European standards with a total area of 350 000 sq m by 2015 (in a very limited period of time). As well as 3 and 5-star accommodations, a 5-star hotel, spas, a restaurant for  2 000 people, a recreational area, auto parking, shopping center on the area of  110 000 square meters. The company will invest USD 150 million in these projects.