Today, a financial agreement was signed between Georgia and European Investment Bank (EIB) for financing the project "Georgia Transport Connectivity II".
The financial agreement was signed by the Minister of Finance of Georgia Ivane Matchavariani and Vice-President of the European Investment Bank, Vazil Hudak. Within the framework of the agreement, a financial resource in the amount of EUR 250 million will be allocated by EIB.
In the framework of the above mentioned fund will be considered financing of the construction / rehabilitation works of the following roads (the list of roads may be changed with the agreement with the Government of Georgia):
Rustavi-Algeti-19.5 km
Algeti-Red Bridge - 10.5 km
Algeti-Araplo-19.0 km
Araflo-Sadakhlo-9.5 km
Tbilisi-Sagarejo -28 km
Batumi bypass-14.3km

The project is implemented by the Ministry of Regional Development and Infrastructure of Georgia through the Roads Department.