The Asian Development Bank (ADB) has approved a $114 million loan to help improve regional connectivity and road transport efficiency in Georgia, while strengthening the country’s bid to become a regional transport and logistics hub.
"Georgia is well poised to become a stronger transport and logistics hub for the Caucasus region — something that could help propel the country’s growth and development. ADB is committed to play a seminal role in improving the country’s transport connectivity and the sustainability of its road network through this project," ADB Country Director in Georgia Yesim Elhan-Kayalar said.
The project will construct a new 14.3 kilometer (km) bypass road skirting the port city of Batumi.
Since 2007, ADB has mobilized more than $2.1 billion in public and private sector financing operations for Georgia.