TBILISI, July 30 – The Asian Development Bank has approved a USD 250 million loan to finance nearly 19 kilometers of the planned Tbilisi bypass motorway, a missing link in Georgia’s east-west road network. The loan will support two sections of four-lane motorway between Tbilisi International Airport and Rustavi, an industrial city south of the … Read more
TBILISI, May 5 – Georgia needs more diverse energy sources, stronger transmission lines and battery storage if it wants to become less vulnerable to shocks, a senior Asian Development Bank (ADB) official said. Keiju Mitsuhashi, ADB’s director for energy, said one of the key factors for strengthening Georgia’s energy independence is diversification, as reported by … Read more
TBILISI, December 18 – Georgia’s government is negotiating with the World Bank and the Asian Development Bank (ADB) over new financing for the country’s logistics and railway sector. On December 17, Economy Minister Mariam Kvrivishvili and Finance Minister Lasha Khutsishvili met in Tbilisi with World Bank South Caucasus Regional Director Rolande Pryce and Anders Pettersson, … Read more