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Georgia was granted 260 million dollars for power line

2010-12-02 15:44

10844.jpegAn agreement on a 260-million-dollar credit has been signed between European Bank of Reconstruction and Development, European Investments Bank, Bank of Reconstruction of Germany and German authorities.

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According to Business-Georgia, Minister of Power Economy of Georgia Alexander Khetaguri has stated that the money is meant for constructing an electric power line running towards Turkey. It is noted that the object will be completed and commissioned in May 2012.

He also added that the country's authorities won't take additional credits for the economy development. 

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