According to AIIB documents, this project will finance the construction of a new two-lane 14.3 km long highway to provide a bypass to the Batumi port city (second largest city in Georgia). The road will be constructed on a new alignment, which passes through a number of mountainous settlements. Due to hilly nature of the terrain, this stretch of road requires construction of 5 tunnels and 19 bridges over rivers and valleys. Additionally, the controlled-access highway will have 4 grade separated interchanges to regulate traffic ingress/egress. The Project will also finance construction supervision and quality assurance services associated with the civil works including specialized structural and geotechnical works.
The AIIB will invest $114 USD million. The project is estimated to cost $315.2 USD million.
AIIB: Project Team Leader
Mr. Ghufran Shafi
Project Team Leader/Senior Investment Operations Specialist
Tel: +86 10 8358 0171
Asian Development Bank (ADB):
Mr. Dong Soo Pyo
Lead Professional (Transport)
Tel : +632 632 5167
Ms. Mzia Giorgobiani
Deputy Head of Public Debt and External Financing Department, Ministry of Finance
Tel: +995 32 2261444
Mr. Zaza Simonia
Deputy Chairman, Roads Department of Georgia
Tel: +995 32 376216
ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.