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Tag Archives: Irakli Karseladze

Asian Development Bank to Finance Construction of Khevi-Ubisa Section

Asian Development Bank to Finance Construction of Khevi-Ubisa Section

The Asian Development Bank (ADB) will finance construction of Rikoti Pass road, Khevi-Ubisa 12.2 km section. The First Deputy Minister of Regional Development and Infrastructure of Georgia Irakli Karseladze, along with representatives of Asian Development Bank discussed the issue of financing of the Khevi–Ubisa section, reviewed the progress of the …

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Co-investment Fund to Open New Hotel in Shekvetili in Summer

Co-investment Fund plans to open a hotel in Shekvetili in summer period, Irakli Karseladze, head of the Fund’s supervisory board, told Business Course. “This summer we will open 5-star hotel in Shekvetili, which will be exemplar and very respectful hotel in Black Sea basin”, Karseladze noted. The hotel will comprise …

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Tourism Development Fund: $680 million Investment and 8 Large-Scale Projects

Georgian Co-Investment Fund is to establish Tourism Development Fund of Georgia with a purpose of investing 680 million USD and administering 8 large-scale projects in Tbilisi, Guria, Ajara and Samegrelo. Fund aims at developing tourism infrastructure in the regions of Georgia where tourism industry had previously been overlooked.   “The …

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