Home / Tag Archives: ADB

Tag Archives: ADB

Nikoloz Gagua: ADB’s Support is Important in Terms of Reform Implementation

Nikoloz Gagua: ADB’s Support is Important in Terms of Reform Implementation

It is important that the Asian Development Bank is implementing reforms in Georgia – Nikoloz Gagua, Deputy Minister of Finance saidafter meeting with ADB CEO Matthew Fox. According to him, the Bank’s involvement in theconstruction of the East-West Express Highway, namely the most difficult section of Rikoti,is particularly noteworthy. “The …

Read More »

ADB Names TBC Bank as the Best Bank in Trade Financing

 Asian Development Bank named TBC Bank as the best partner for the third time in terms of trade financing in Georgia. The awards ceremony was held in Singapore and over 150 representatives from 17 countries attended the event. The Asian Development Bank has identified 18 best partner banks with which …

Read More »

University Underground Station Operate in Test Regime

Tbilisi’s 32rd underground station called as University operates in test regime. Municipal Development Fund told Business Course that the underground station started operation in test regime in late July and the regime will last up to early September. The process is controlled by Georgian and invited specialists. According to Municipal …

Read More »

ADB to Join Clinics Development Process in Georgia

Asian Development Bank (ADB) plans to participate in clinics development process in Georgia. The issue was discussed at the meeting with ADB private and public partnership (PPP) office coordinator Joseph Lim. The parties discussed clinics development potential and existing situation in the country. We are ready to participate in this …

Read More »

Asian Development Bank to Finance Dzirula-Chumateleti Highway Reconstruction

Asian Development Bank (ADB) will finance the rehabilitation of about 50 kilometer section of Dzirula-Kharagauli-Moliti-Chumateleti highway . The corresponding agreement was signed by Dimitri Kumsishvili, Minister of Finance of Georgia and ADB director general Sean O’Sullivan. The agreement calls for allocating 80 million USD financial resource. After the signing ceremony, …

Read More »

Building an Export-grade Power Distribution Grid in Georgia

New high-voltage facilities like the Marneuli 500 kV substation near Tbilisi are preparing the ground for Georgia’s planned boost in hydropower generation and green energy exports to neighboring countries. Georgia’s power development plan includes 60 energy transmission projects across the country over 10 years. Hydropower provides more than 80% of the country’s electricity. And …

Read More »

ADB Agrees to Lend $500 mln to Southern Gas Project

The Asian Development Bank (ADB) has agreed to provide a $500 million loan to Azerbaijan’s Shah Deniz 2 project, the Azeri finance ministry said on Sunday. The ADB said earlier this year it was considering lending money to Azerbaijan to help fund the second stage of development of the Shah …

Read More »

ADB Investment in Batumi Bypass to Improve Logistics, Transport

The Asian Development Bank (ADB) has approved a $114 million loan to help improve regional connectivity and road transport efficiency in Georgia, while strengthening the country’s bid to become a regional transport and logistics hub. ADB is also expected to manage and administer up to $114 million in additional financing …

Read More »

Multimodal Transport Hub to Launch Operation in Tbilisi

Multimodal transport hub will be created in Tbilisi, Deputy Mayor of Tbilisi Irakli Lekvinadze told Business Course company. The project will be implemented jointly with Asian Development Bank (ADB). “We are discussing several locations, where the multimodal transport hub may be arranged. This project calls for organizing an important transportation …

Read More »

Minister of Finance Discusses Ongoing Projects of Asian Development Bank

ADB Georgia

Georgian Finance Minister Dimitri Kumsishvili and Asian Development Bank (ADB) representative Ieshim Elhan Kaialar discussed Georgia-ADB ongoing projects and future cooperation directions. Regional Development Minister Zurab Alavidze has also taken part in the meeting. At the meeting Dimitri Kumsishvili overviewed ADB-supported  ongoing investment projects and stressed their importance for infrastructural …

Read More »