Home / Economy / Asia Development Bank to Finance Batumi Highway Project with 180 Million Euros

Asia Development Bank to Finance Batumi Highway Project with 180 Million Euros

Asia Development Bank will finance Batumi highway project. The agreement has been signed by Vice Prime Minister, Dimitri Kumsishvili and Country Director of ADB, Yesim Elhan-Kayalar.

According to the project, Batumi 14.3 km highway will be financed and about 200-km-long international and local roads will be repaired. The amount of the project costs will be 315.2 USD. ADB will cover 108.19 euros from the project. It will be launched in 2017 and will be completed in 2022.

Asia Development Bank and Georgia have a history of 10 years partnership. Asia Development Bank managed to mobilize about 2.3 billion USD in Georgia and our partnership is improving constantly. This project is a good example of our excellent collaboration. ADB aims to increase Georgian transportation logistic potencial”- declared, Country Director of ADB, Yesim Elhan-Kayalar.