Georgia and the Asian Development Bank (ADB) have signed a $250 million loan agreement to finance the construction of key sections of the Tbilisi bypass, the Ministry of Finance announced.
The agreement was signed by Georgian Finance Minister Lasha Khutsishvili and Leslie Bearman Lahm, Director of the Asian Development Bank’s Resident Mission in Georgia.
Ministry says the funding will be used to construct two sections of the Tbilisi bypass: the Tbilisi Airport-Lochini section (Lot 4) and the Lochini-Rustavi section (Lot 5).
The project includes the construction of an approximately 18.9-kilometer, four-lane highway with a central median.
Officials say the new bypass will play an important role in strengthening Georgia’s transport network by easing traffic congestion in Tbilisi, improving the safety of transit traffic, and increasing the capacity of the country’s transport corridors.
The signing ceremony was attended by Infrastructure Minister Revaz Sokhadze, Deputy Finance Minister Ekaterine Guntsadze, Roads Department Chairman Levan Darakhvelidze, and representatives of the Georgian government and the Asian Development Bank.
The project will be implemented by Georgia’s Ministry of Infrastructure through the Roads Department.
