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The Asian Development Bank approves US$114 million loan for Georgia’s Batumi bypass road project
Photo Credit To jagermesh

The Asian Development Bank approves US$114 million loan for Georgia’s Batumi bypass road project

The Asian Development Bank (ADB) has approved a US$114 million loan for Georgia’s Batumi bypass road project.

ADB is also expected to manage and administer up to US$114 million in additional financing for the project provided by the Asian Infrastructure Investment Bank (AIIB). This is the first ADB project to be co-financed with another development partner in Georgia, and the third project to be co-financed by ADB and AIIB.

Since 2007, ADB has mobilized more than US$2.1 billion in public and private sector financing operations for Georgia.

Batumi Bypass Road Project envisages construction of a new two-lane 14.3 km long highway to provide a bypass to the Batumi port city – the second largest city in Georgia.

The new two-lane bypass road, starting from the Senaki – Poti-Sarpi road and ending at the juncture of the existing Batumi-Akhaltsikhe road, is an integral part of the East-West Highway.

Batumi Bypass Road project, estimated to cost US$315 million, is expected to be implemented during the period from July 2017 to June 2023.

Performance-based maintenance contracts will also be implemented for the routine and periodic maintenance of about 200 km of international and connecting secondary roads as part of the financing.

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Post source : ANGDavis Associates

About The Author

Anthony has worked in the construction industry for many years and looks forward to bringing you news and stories on the highways industry from all over the world.

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