The World Bank Board of Executive Directors today approved a loan in the amount of US$60 million to Georgia for the Regional Development Project.
The project objective is to improve infrastructure services and institutional capacity to support the development of tourism-based economy and cultural heritage circuits in the Kakheti region, reads a statement on the WB official website.
The project includes two components: i) Infrastructure investment and ii) Institutional development. The envisaged activities are expected to bring direct benefits to the residents of Kakheti and the tourists visiting the region. The project is expected to generate employment and improve infrastructure and transport connections.
Armenian News
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