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Partership Fund Head, David Saganelidze

Partnership Fund Works Out 59 Million Dollar Racha Revival Concept

Partnership Fund has worked out a concept for development of Georgia’s Racha Region

The Partnership Fund jointly with the consulting company “BDO” has finished a research of Racha’s tourism opportunities and has worked out a tentative concept for its future development.

David Saganelidze, executive director of the Partnership Fund, said at a working meeting that reviving the private sector’s interest in Racha is a complicated process, so the state must play a crucial role in this regard.

The Racha concept is aimed at developing tourist infrastructure in the region, which includes the development of   several modern, world-class resorts on Lake Shaori, Utsera and Shovi villages.

3 and 4-star international brand hotels and a medical complex will be built in the region, as Racha is rich in healing mineral springs.

The approximate investment cost of the Racha Project is $59 million dollars.