Klaus Gerhaeusser (left), ADB’s General Director, and Georgian Finance Minister Nodar Khaduri. (Photo published by the Finance Ministry.)

TBILISI, DFWatch–Georgia on Thursday signed agreement with the Asian Development Bank (ADB) about financing infrastructure projects.

According to the Ministry of Finance, Minister Nodar Khaduri and Klaus Gerhaeusser, ADB’s General Director, signed the agreement, which involves financing a project about developing the urban sector and an investment program for stable urban transport.

Khaduri said ADB is one of the trusty and important investors for Georgia and with its help Georgia is implementing public and private projects.

“We continue the cooperation in constructing roads, water supply, coast reinforcement work. I am sure the cooperation will be successful,” he said.

Part of the program about developing the urban sector is a plan to upgrade the water supply system in Kutaisi, Georgia’s second largest city, and construct a water and sewage system in Ureki, a town on the Black Sea coast.

ADB will allocate USD 90 million for this project.

The project for stable urban transport involves a plan to implement second phase of the construction work of the Tbilisi-Rustavi highway, as well as building reinforcement along the coast in Anaklia, a small town on the Black Sea. USD 73 million will be allocated for this project.