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Home / Economy / OPIC to Finance Tsinandali Radisson with 10 mln
OPIC to Finance Tsinandali Radisson with 10 mln

OPIC to Finance Tsinandali Radisson with 10 mln

Financing of Tsinandali Radisson project and Gazelle, as well as promotion of wine export in the USA – are topics discussed by the Partnership Fund management with the OPIC (The Overseas Private Investment Corporation).

The parties discussed financing a five-star hotel “Radisson” in Tsinandali by the Overseas Private Investment Corporation US Development Bank at the meeting held at the Partnership Fund. OPIC Managing Director Kenneth Angell noted that the Overseas Private Investment Corporation plans to allocate 10 million USD for the project.

At the meeting, the Partnership Fund’s investment in the American Investment Fund Gazelle Finance was also considered at the meeting. The fund was created by the Partnership Fund and the American side’s investments.

The sides talked about the promotion of Georgian wine exports in the United States and the issue of bringing American hospital operators in Georgia with the participation of OPIC. Moreover, they discussed the possibility of possible cooperation in various fields, namely: in the development of construction materials and the development of refrigerator industries.