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Georgia - Second East-West Highway Improvement Project : additional financing (English)

The objectives of the Second East-West Highway Improvement Project (SEWHIP) are (i) to contribute to the gradual reduction of road transport costs and improve ease of transit and safety along the central part of Georgia's East-West corridor through upgrading a segment of the East-West Highway from Tbilisi to Rikoti; and (ii) to strengthen the capacity of government agencies particularly Road Department of the Ministry of Economic Development (RDMED) to develop and implement a traffic safety program. The additional financing will contribute to cover a financing gap which was anticipated during the preparation of SEWHIP, due to limitations on the amount of International Development Association (IDA) funding which Georgia was able to access at that time. About 40 percent of the original credit has already been disbursed; the additional financing is needed during the first quarter of CY2009 to maintain the pace of implementation and achieve seamless disbursements.

Details

  • Document Date

    2008/10/01

  • Document Type

    Project Paper

  • Report Number

    45632

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Georgia,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2008/11/18

  • Disclosure Status

    Disclosed

  • Doc Name

    Georgia - Second East-West Highway Improvement Project : additional financing

  • Keywords

    Economic Development and Poverty Reduction Program;Economic Internal Rate of Return;Transport Reform and Rehabilitation Center;environmental and social management;economic and social policy;financial management arrangement;Traffic Safety;per capita income;vehicle operating cost;traffic safety strategy;internal control procedure;sustainable development strategy;Internally Displaced Person;road transport costs;road safety issue;works contract;traffic growth;procurement activities;social safeguard;Macroeconomic Management;Exchange Rates;transit corridor;Environmental Assessment;working relationship;consultancy service;organizational structure;field work;resettlement plan;environmental issue;safeguard policy;Safeguard Policies;grace period;donor support;economic recovery;audit covenant;audit arrangement;financial statement;disbursement arrangement;risk profile;land owner;national currency;sensitivity analysis;civil works;infrastructure damage;trade service;financial intermediation;manufacturing industry;consumer confidence;future traffic;liquidity pressure;banking system;routine maintenance;pilot program;external shock;Bank Policies;financing plan;Financing plans;cost variation;international cooperation;rural transportation infrastructure;government plan;road infrastructure;construction sector;bridge design;ongoing work;procurement capacity;procurement responsibility;international investment;budgetary resource;Procurement Policy;roads rehabilitation;economic slowdown;international community;

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Citation

Georgia - Second East-West Highway Improvement Project : additional financing (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/828991468274493138/Georgia-Second-East-West-Highway-Improvement-Project-additional-financing