Tbilisi: The Georgian government has announced plans to secure foreign credits amounting to 3.4 billion lari next year, aimed at financing various projects, including the construction of a crucial road to the Azerbaijani border.
According to Azeri-Press News Agency, Georgia’s draft budget for 2026 outlines that 2 billion lari of this total will be sourced from international financial institutions to fund specific initiatives. Notably, the Asian Development Bank is expected to be a significant lender in this endeavor. Among the projects listed for 2026 is the construction of the Tbilisi-Red Bridge highway, a critical route that leads to the border with Azerbaijan.
To facilitate the construction of this highway, the Georgian government plans to secure a loan of 48.3 million lari, equivalent to 17.8 million USD, from the European Investment Bank. This financial arrangement underscores the government’s commitment to enhancing connectivity and infrastructure development in the region.