The World Bank Board of Executive Directors today approved an IBRD loan in the amount of
The project development objectives are to reduce transport costs and improve the sustainability of road asset management in the secondary and local road network in the project area. The project consists of the following three components: (i) rehabilitation and improvement of secondary and local roads; (ii) capacity building and strengthening in local and secondary roads management; and (iii) road safety technical assistance.
The Third SRLP will improve 200 km of key regional and local road sections, which will provide better access to three major towns (Telavi, Samtredia and Tsalenjikha), 126 villages and around 45,600 households, totaling a population of around 138,000 inhabitants. Most of these villages are located in the regions which are hard to access and with high poverty rates in several locations. It is expected that the project will also address the transport needs of low-income road users and promote local development in the target areas through greater access to economic opportunities.
The local population will benefit from direct and indirect local job creation, and the competitiveness of local businesses in the areas where roads are rehabilitated will be enhanced. This will positively impact the prosperity of the population with lowest incomes, said Joseph Melitauri, Task Team Leader for the Project. In addition, the project will support the capacity building of local governments and the
Most Popular Stories
- Scholarships Offered for Hispanic Heritage Month
- Boeing Succeeds in Early Wooing of China Airline Startups
- Latin America Seeks Ways to Add Value to China Exports
- EU Finance Ministers Discuss Investment Plan
- Steve Ballmer Files Six-Figure Counterclaim vs. Steve Gordon
- IS Releases New Beheading Video
- Detroit Bankruptcy: Pivotal Progress in Trial's Second Week
- Will Apple's Digital Wallet Conquer the Card Swipe?
- Apple Reportedly Spent $100MM for Free U2 Album from iTunes
- Olive Garden's Breadsticks Targeted by Activist Investor