WASHINGTON, December 18, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:
IDA CREDIT: USD$35 million
TERMS: Maturity= 20 years; Grace= 10 years
PROJECT DESCRIPTION: The project aims to contribute to the gradual reduction of road transport costs and improve ease of transit along the central part of Georgia's East-West corridor, through upgrading a segment of the East-West Highway from Tbilisi to Rikoti and strengthen the capacity of government agencies to develop and implement a traffic safety program.
For more information please call
Michael Jones at 202-473-2588 or e-mail mjones2@worldbank.org
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