Georgia, WB Sign USD 19 Million Credit Agreement

The World Bank and the Government of Georgia signed a credit agreement for the First East-West Highway Improvement Project for USD 19 million, the World Bank reported.

The project aims to improve Georgia?s major transit corridor, the East-West Highway, by upgrading the highway from two to four lanes and contributing to the capacity building of road sector institutions.

The credit was signed during a Symposium in Washington highlighting the improving investment climate in Georgia, which was attended by Georgian Prime Minister Zurab Nogaideli.

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