Integrated Regional and Local Development Project (WB-P169747)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 24, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Georgia
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 5, 2019

Disclosed by Bank Apr 14, 2019


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Project Description

According to Bank documents, this project aims to improve infrastructure for service provision, tourism and related activities to support local economic development in Georgia. Components include:

  • Upgrading and rehabilitating select urban centers, including restoration of historic buildings, construction of visitor facilities, and rehabilitation of wastewater systems;
  • Upgrading and enhancing mountain tourism including through the creation of eco-friendly hospitality structures and tourism facilities;
  • Enhancing disaster resilience, climate change adaptation and construction of resilient infrastructure; 
  • Skills building and institutional strengthening of small and medium-sized enterprises
Investment Description
  • World Bank (WB)
Contact Information

Municipal Development Fund of Georgia under the Ministry of Regional Development and Infrastructure 
Giorgi Shengelia, Executive Director
Email Address: gshengelia@mdf.org.ge 

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.