Municipal Development Fund of Georgia Presents Year 2019 Report
The Municipal Development Fund of the Ministry of Regional Development and Infrastructure of Georgia presented a report for the year 2019.
Since its establishment, the MDF has been cooperating with all large investment banks and financial institutions operating in Georgia.
The MDF is chiefly countrywide focused on the implementation of regional assistance programs.
The main sectors of its activities are tourist infrastructure, urban regeneration of cities, road and transport infrastructure, water and sports infrastructure. In 2019, the MDF got engaged in the following two new programs: educational infrastructure and construction of IDP housing.
,, Last year, we have initiated 250 and completed 70 projects with overall budget of GEL 367 million. Such major infrastructural projects, as Vani museum construction, Zugdidi botanical garden rehabilitation, Batumi and Kobuleti coastline protection works, Schwab street rehabilitation in Asureti, etc. were completed“ – declared Giorgi Shengelia, Executive Director of the Municipal Development Fund of Georgia.
Under the educational infrastructure program, construction/rehabilitation projects for 161 schools at the total cost exceeding GEL 220 million were launched throughout the country. As for the nursery school projects, the MDF has initiated works for the design and construction of 76 kindergartens, with overall investment exceeding GEL 50 million.
During the past year, the MDF has commenced construction of IDP housed in Tskaltubo, Zugdidi and Kutaisi. Within the period of 2019-2021, 2440 IDP households will be provided with housing. The total cost of the named program is equal to GEL 152.3 million. In 2019, the MDF had already completed the construction of 2 apartment buildings in Mtskheta, which were handed over to 120 IDP households.
The MDF projects have to generate new opportunities in the regions, attract more local and international tourists, enhance the social and economic status of the local population.