ECONOMY
05.09.19 15:15
An agreement to build a 9-km tunnel on the Kvesheti-Kobi road was signed today by Chinese company China Railway Tunnel Group Co., LTD (CRTG) and the Georgian Ministry of Infrastructure, announces the Roads Department of Georgia.
The Kvesheti-Kobi road is a part of the North-South Road Corridor, connecting Georgia with its northern and southern neighbours.
The road passes through difficult terrain and is often closed due to heavy snowfall in the winter.
Deputy Minister of Regional Development and Infrastructure Irakli Karseladze called the agreement ‘the biggest’ in the history of the country.
The construction of a two-lane, 22.7 km long asphalt-concrete road, six bridges and five tunnels are planned on the Kvesheti-Kobi road, including the construction of one nine kilometer long tunnel. The cost of building the Kvesheti-Kobi road and the tunnel is 1.2 billion GEL ($400/€370 million).
The road will also improve the living conditions of inhabitants living in the gorge, who are often isolated from the outside world in the winter, allowing them to maintain constant movement in the winter, improve road safety and carrying capacity, reduce the risk of road accidents and decrease the time needed for travel.
In total, the project will benefit nine villages.
Construction on the Kvesheti-Kobi section is being financed by the Asian Development Bank and the European Bank for Reconstruction and Development.
Construction work will start at the end of 2019 and will be completed in 2023.
The project cost is 909 million GEL ($306/€278 million) and will take four years to complete.
source: AGENDA
Read: 190
Write comment
(In their comments, readers should avoid expressing religious, racial and national discrimination, not use offensive and derogatory expressions, as well as appeals that are contrary to the law)
News feed
-
Irakli Kobakhidze: These resolutions were worthless then and they have no value now
18:0326.04.24
-
Special Investigation Service exposes employee of Ministry of Internal Affairs to coercion
17:1126.04.24
-
16:3026.04.24
-
Irakli Kobakhidze: Non-transparent NGOs have tried to organize a revolution twice in this country
15:4526.04.24
-
15:0026.04.24
-
GeoStat: The number of emigrants increased by 95.6% in 2023
14:0726.04.24
-
Shalva Papuashvili: Visa liberalization will not be canceled
13:3626.04.24
-
Turkey is extending a hand of reconciliation to Armenia. Yerevan must seize opportunities
12:4326.04.24
-
11:5226.04.24
-
10:0026.04.24
-
From 'alliance' to open hostility: Armenia and Russia
19:0325.04.24
-
17:5425.04.24
-
17:0025.04.24
-
Lithuanian Ambassador: Foreign influence bill contradicts EU recommendations
16:1025.04.24
-
Shalva Papuashvili: We hear statements and concerns from the US State Department, Brussels
15:3025.04.24
-
14:5725.04.24
-
14:0625.04.24
-
13:1425.04.24
-
Defense Committee Chair hosts Head of NATO Liaison Office in Georgia
12:3025.04.24
-
11:5725.04.24
-
11:1125.04.24
-
Rally against draft law "On Transparency of Foreign Influence" underway near Parliament
10:0025.04.24
-
MIA to identify individuals calling for blocking roads artificially during Rustaveli Avenue rallies
18:0024.04.24
-
Lazare Grigoriadis leaves prison
17:3024.04.24
-
Irakli Kobakhidze to participate in the Conservative Political Action Conference in Hungary
17:0024.04.24
-
16:1724.04.24
-
15:3024.04.24
-
Youth social entrepreneurship support project kicks off
14:5024.04.24
-
14:0024.04.24
-
Tbilisi Mayor deems new stadium construction as a mega project
13:2024.04.24
-
12:2424.04.24
-
Rustavi City Council Chairman dismissed
11:3024.04.24
-
10:2224.04.24
-
9:0024.04.24
-
Tusheti Protected Landscape in Georgia’s north-east to expand by 2,245 hectares
18:0023.04.24
-
17:2823.04.24