World Bank has allocated a low percent loan of $60 million to Georgia`s government, which is intended for the large-scale rehabilitation project of the Kakheti Region of Georgia.
Minister of Finance of Georgia Dimitri Gvindadze has said that the contract signed between teh World Bank and the government of Georgia envisages long-term and privileged conditions for the loan of $60 million. The project will be implemented with the coordination of the Ministry of Regional Development and Infrastructure of Georgia.
The loan-contract for the Kakheti regional development was signed at the ministry of finance today. Minister Dimitri Gvindadze and the WB Regional Director for South Caucasus Asad Alam signed the agreement today. Minister of Regional Development and Infrastructure Ramaz Nikolaishvili and the head of the National Agency of Protection of Cultural Heritage, Nikoloz Vacheishvili were also attending the ceremony.
