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FINANCE
- Georgia
World Bank to finance $109 mln highway construction in Georgia’s winemaking Kakheti province-AGENDA.GE

(Read full article on agenda.ge)

World Bank will finance the $109 million construction project for a 17-km, four-lane, access-controlled highway in the Eastern Georgia’s winemaking region of Kakheti to facilitate connection between the province and the capital Tbilisi as part of the country’s highway network.

The World Bank Board of Executive Directors approved the Kakheti Connectivity Improvement Project (KCIP) on Tuesday, financing the construction of the highway section between the towns of Sagarejo and Badiauri, as part of the Tbilisi-Bakurtsikhe-Lagodekhi highway corridor connecting Kakheti with Tbilisi and the rest of Georgia.

Additionally to the KCIP, the Georgian Government will build the first three sections of this corridor from Tbilisi to Sagarejo, expected to be operational by 2025, “using similar design, construction, fiduciary, and environmental and social safeguard approaches as that of the Bank-financed section,” the World Bank said.

Mar 24, 2022

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