The Asian Development Bank (ADB) has approved a US$114 million loan for Georgia’s Batumi bypass road project.
ADB is also expected to manage and administer up to US$114 million in additional financing for the project provided by the Asian Infrastructure Investment Bank (AIIB). This is the first ADB project to be co-financed with another development partner in Georgia, and the third project to be co-financed by ADB and AIIB.
Since 2007, ADB has mobilized more than US$2.1 billion in public and private sector financing operations for Georgia.
Batumi Bypass Road Project envisages construction of a new two-lane 14.3 km long highway to provide a bypass to the Batumi port city – the second largest city in Georgia.
The new two-lane bypass road, starting from the Senaki – Poti-Sarpi road and ending at the juncture of the existing Batumi-Akhaltsikhe road, is an integral part of the East-West Highway.
Batumi Bypass Road project, estimated to cost US$315 million, is expected to be implemented during the period from July 2017 to June 2023.
Performance-based maintenance contracts will also be implemented for the routine and periodic maintenance of about 200 km of international and connecting secondary roads as part of the financing.