Features

Batumi Bypass Road: Improving Georgia’s Connectivity

As part of its efforts to enhance Georgia's transport infrastructure and road network, the Asian Development Bank supported the construction of a new 16-kilometer Batumi Bypass Road. The road diverts heavy traffic away from the port and tourist city of Batumi, helping strengthen the country’s economic opportunities, improving internal and regional connectivity, and reinforcing its position as the region's preferred route for trade and cargo movement. It also reduces congestion and noise in Batumi while improving air quality and contributing to the well-being of residents and visitors.

Developing Georgia’s Transport Corridors

ADB helped improve four sections of the East-West Highway which carries over 60% of Georgia's transit trade. The ongoing North-South Corridor is set to improve regional connectivity and cargo transit, while the ongoing Batumi bypass road will divert heavy traffic from the port city of Batumi to help boost trade and tourism. The ADB-financed Kobuleti bypass road has already helped to reduce traffic jams for Kobuleti residents and visitors, improve air quality, and create a safer environment. The upgraded network will strengthen Georgia’s position as a regional transport and logistics hub.

Georgian Railway Modernization

The European Bank for Reconstruction and Development has invested USD 50 million in the first green bond issued by Georgian Railway (GR). Proceeds will be used to refinance GR’s existing notes which are maturing in 2022.

Typical Short Sea Container Ship in the Black Sea Trading

Typical short sea container ship in the Black Sea trading at Poti Port of Georgia (photo by Ragas, Sammons, and Khodjaev). Source: Ports and Logistics Scoping Study in CAREC Countries, April 2021.

In Georgia, initial successes fighting COVID-19 could lead to long-term gains

As Georgia’s economy gradually restarts, it has a unique opportunity to initiate a new era of growth that is more diversified and inclusive.

EBRD and EU clients support the battle against coronavirus in Georgia

In regular times, one might struggle to find much in common between these three Georgian companies: Proservice, a leading ICT player; Nutrimax, an animal feed producer; and Materia, a famous fashion house. Nevertheless, during the coronavirus pandemic, all three are playing their part in the fight against the outbreak and its impact on the economy in Georgia.

Toward a New Partnership: Georgian Voices

The new World Bank Group Country Partnership Framework for Georgia will support the country in its efforts to end extreme poverty and boost shared prosperity in a sustainable manner.

Tourism: Georgian youth’s big hope for the future

If the tourism industry becomes truly sustainable, Georgian youth will have a reason to stay in their regions, or even return to them from Tbilisi.

A sneak peek at CAREC’s new strategy

The new strategy is an important milestone and a collective opportunity to unleash the potential of regional cooperation for Central Asia.

Milestones in CAREC Transport

The 15th CAREC Ministerial Conference unanimously endorsed two strategies to promote safety along CAREC corridors and provide a blueprint for long-term development of CAREC railways.