Under the 751 million USD Trans-Caspian Transport Corridor project, the World Bank has allocated 372 million USD to Georgia to support the development of strategic rail and[...]

The World Bank Group (WBG) will be providing financial resources to Georgia for increasing the railway capacity through the acquisition of electric locomotives for Georgian Railway JSC and for the construction of electrical substations, as well as for financing the construction of key road sections (Badiauri-Chalaubani-Bakurtsikhe and Gurjaani-Telavi).

The Board of Executive Directors of the World Bank has approved a loan for the Trans-Caspian Transport Corridor - Georgia Connectivity and Transport Enhancement Project.

Under the project, the International Bank for Reconstruction and Development (IBRD) will provide financing in the amount of 372 million USD.

The project envisages the purchase of electric locomotives for Georgian Railway, the construction of electrical substations and institutional strengthening of Georgian Railway JSC to increase railway capacity. It also includes the construction of the road sections from Badiauri to Chalaubani, Chalaubani to Bakurtsikhe and Gurjaani to Telavi. In addition, the project covers transport interchanges, overpasses, bridges, road safety measures and institutional strengthening of the road sector.

The total estimated value of the project is approximately 751 million USD, including 372 million USD from the World Bank Group. At the same time, efforts are underway to secure additional financing of 175 million USD from the Asian Development Bank (ADB) and 182 million USD from the Asian Infrastructure Investment Bank (AIIB).

These investments in railway and road infrastructure represent another important step toward enhancing the efficiency of the Middle Corridor. They will contribute to improving the productivity and resilience of Georgia's transport infrastructure and support the country's long-term economic growth by enabling faster and safer movement of freight along the corridor. The investments are significant not only for Georgia's economic development, but also for supporting growing international trade flows and more diversified and secure supply chains.

The project will be implemented by JSC Georgian Railway and the Roads Department of Georgia.