Georgia: Second East-West Highway Improvement Project [Additional Financing]

WASHINGTON, October 30, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA Credit: US$20 million

TERMS: Maturity= 20 years; Grace = 10 years

Project Description: The project aims  (i)to contribute to the gradual reduction of road transport costs and improve ease of transit and safety along the central part of Georgia’s East-West corridor through upgrading a segment of the East-West Highway (E60) from Tbilisi to Rikoti, and (ii) to strengthen the capacity of government agencies (particularly the Road Department of the Ministry of Economic Development) to develop and implement a traffic safety program. The additional financing involves no change of the project’s original objectives, design or scope.

 

Media Contact

Michael Andrew Jones

(202) 473-2588

mjones2@worldbank.org