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June 28, 2012


Today, the credit agreement was signed between Georgia and the International Development Association, for additional funding of “the third project of East - West Highway”. The agreement was signed by the Minister of Finance Mr. Dmitri Gvindadze and the acting regional director of the World Bank, Helen Imnadze. The signing ceremony was attended by Minister of Regional Development and Infrastructure, Ramaz Nikolaishvili.

The agreement provides allocation of financial resources by the World Bank in the amount of 43 million USD in long-term and preferential credit, for funding “the third project of East - West Highway” which is implemented by supporting of the World Bank. In the frames of the project it is planned rehabilitation and reconstruction (into 4 lane highway) of one segment of East - West Highway E60 - Ruisi - Agara 11 km and construction of Agara 8 km - a new bypass. Construction and rehabilitation of the section, with total length 19 km, will be implemented by the Road Department of the Ministry of Regional Development and Infrastructure. The projct includes construction of two parallel 140 meter long bridges over the river Ptsa  and two parallel 185 meter long bridges on the river Prone. One 81 meter long railway viaducts and 5 gateways will be arranged.  The road will be covered with the cement - concrete and drainage channels will be arranged. The new infrastructure will be developed along the road. Almost 2000 people will be employed on the construction-rehabilitation works, most of whom are local population of the rural areas.

   
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