The Asian Bank allocated funds to Georgia for infrastructure development
The Asian Development Bank (ADB) has approved a loan of 101 million euros for the construction of new and modernization of existing infrastructure in Georgia, the bank said in a statement.
The project involves the modernization of city centers, parks, and public transport.
Georgia will receive the money within the framework of the ADB program "Investment projects for the balanced development of cities and the disclosure of their potential economic growth."
"This project will support Georgia's recovery after the pandemic and help make its cities more livable, inclusive and resilient to climate change," said ADB Director General for Central and West Asia Evgeny Zhukov.
At the same time, he noted that Georgia has achieved significant economic success in recent years, but the country has been seriously affected by the coronavirus pandemic.
The project involves the modernization of city centers, parks, and public transport. Libraries, kindergartens, sports complexes, and other public buildings will also be built as part of the project.
This project is aimed at improving accessibility and providing a supportive environment for the elderly, people with disabilities, women, and children. The project will also support the restoration of cultural sites, historical city centers and other tourist sites.
The Asian Development Bank has been supporting Georgia since 2007 and is one of the most multilateral partners. The total value of loans issued to Georgia is $3.92 billion, and technical assistance projects are worth $28.9 million.
Sputnik-georgia.ru
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The Asian Bank allocated funds to Georgia for infrastructure development
The Asian Development Bank (ADB) has approved a loan of 101 million euros for the construction of new and modernization of existing infrastructure in Georgia, the bank said in a statement.
The project involves the modernization of city centers, parks, and public transport.
Georgia will receive the money within the framework of the ADB program "Investment projects for the balanced development of cities and the disclosure of their potential economic growth."
"This project will support Georgia's recovery after the pandemic and help make its cities more livable, inclusive and resilient to climate change," said ADB Director General for Central and West Asia Evgeny Zhukov.
At the same time, he noted that Georgia has achieved significant economic success in recent years, but the country has been seriously affected by the coronavirus pandemic.
The project involves the modernization of city centers, parks, and public transport. Libraries, kindergartens, sports complexes, and other public buildings will also be built as part of the project.
This project is aimed at improving accessibility and providing a supportive environment for the elderly, people with disabilities, women, and children. The project will also support the restoration of cultural sites, historical city centers and other tourist sites.
The Asian Development Bank has been supporting Georgia since 2007 and is one of the most multilateral partners. The total value of loans issued to Georgia is $3.92 billion, and technical assistance projects are worth $28.9 million.
Sputnik-georgia.ru
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