Georgia: Kakheti Regional Road Improvement Project

WASHINGTON, November 10, 2009 - The World Bank’s Board of Executive Directors today approved the following projects:

IBRD Loan: US$30 million

Terms: Maturity = 30 years; Grace Period = 5 years

Project ID: P117152

Project Description: The Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads. There are three components to the project. The first is improvement of the road linking Vaziani, Gombori, and Telavi; the second is road safety improvement and institutional strengthening, and the third is project implementation.

Media Contact

Michael Jones

(202) 473-2588

mjones2@worldbank.org

For more project information, please visit: 

http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P117152