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Third stage of Old Tbilisi’s New Life project to be launched soon

2011-03-30 18:21

15263.jpegThe third stage of the project called "Old Tbilisi's New Life" is expected to be launched in the nearest time. This was reported by Business Georgia with reference to the city Mayor's Office. According to preliminary information, the presentation of the third stage will take place next week. It also became known that some rules are changing for the development companies involved in the project; however, the details of these changes have not yet been specified.


Let us remind you that the purpose of the Old Tbilisi's New Life project is the completion of the construction of unfinished facilities and providing dwellings to the residents in this part of the Georgian capital. In all, the construction of 25 facilities is to be completed in Tbilisi.
At the second stage of the project development companies received a credit to the amount of 88 million laris against the guarantees of Tbilisi Mayor's Office.

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