WASHINGTON, November 10, 2009 - The World Bank’s Board of Executive Directors today approved the following project: IBRD Loan: US$28 million Terms: Maturity = 30 years; Grace Period = 5 years Project ID: P117860 Project Description: The objective of the additional financing for the First East-West Highway Improvement Project for Georgia is to assist the project affected in restoring their livelihoods in comparison to pre-project levels. The additional financing expands the project and will support the rehabilitation of the Rikoti Tunnel, repair its by-pass road, and strengthening institutions. 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=P117860 |
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