Works on renovating existing funicular railway system and stations has been started, The Municipal Development Fund of the Ministry of Infrastructure and Regional Development of Georgia told Ipress news agency.
The Municipal Development Fund of Georgia was established in 1997. The Fund is cooperating with all large investment banks and financial institutions operating in Georgia. It is coordinated by the Supervisory Board approved by the Government of Georgia and the Ministry of Regional Development and Infrastructure of Georgia.
The project is scheduled to finish in 2017.