BAKU, Azerbaijan, November 8. Georgia’s
Committee on International Relations reviewed two documents for
ratification, including a credit agreement with the Asian
Development Bank (ADB) for the Batumi–Sarpi road project, the
Georgian Parliament said, Trend reports.
First Deputy Finance Minister Georgi Kakauridze said Georgia
will secure a loan of 306.5 million lari ($113.3 million) to fund
the construction of the final section of the Batumi bypass – an
11-kilometer, two-lane highway connecting Batumi to Sarpi.
The loan carries a 25-year term, including a six-year grace
period, and the project is expected to be completed by December 31,
2031.
According to Kakauridze, the project aims to improve
connectivity in the region, facilitate trade, and support economic
development along Georgia’s Black Sea coast.
