EBRD to allocate Georgia loan for railway construction

The European Bank for Reconstruction and Development (EBRD) will allocate Georgia a loan to the amount of 100 million euros for the construction of a bypass railway in Tbilisi. The agreement was signed in the Georgian Ministry of Finance on April 6.

About 290 million euros were envisaged for the construction of a bypass railway in a final corrected project.

A 30-kilometer railway track to bypass Tbilisi, as well as bridges and tunnels are planned to be built within the project.

Construction work should be completed in 2013.


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