TBILISI, March 29 The Asian Development Bank
(ADB) has approved a $114 million loan for build a new road in
Georgia and help improve the former Soviet republic's transport
links, the bank said on Wednesday.
The loan would finance construction of a 14.3 km bypass
around the port city of Batumi on Georgia's Black Sea coast
which lies on an international trade route, the bank said in a
statement. Funds would also support maintenance of other roads.
"Georgia is well poised to become a stronger transport and
logistics hub for the Caucasus region — something that could
help propel the country's growth and development," said Yesim
Elhan-Kayalar, ADB country director in Georgia.
"ADB is committed to play a seminal role in improving the
country's transport connectivity and the sustainability of its
road network through this project," he said.
(Reporting by Margarita Antidze; Editing by Edmund Blair)