42 million Euro’s worth subway station to be built near ‘Maghlivi’ building of TSU
02 April, 2014
42 million Euro’s worth subway station to be built near ‘Maghlivi’ building of TSU
Manager of Georgia’s Municipal Development fund Elguja Khokrishvili stated that a tender regarding the construction of a new subway station near Tbilisi State University’s 10th building ('Maghlivi') is set to be open in the nearest future.

Khokrishvili said that the Municipal Development Fund have completed threelateral negotiations about the project, which were held with representatives of Tbilisi Metro and a Spanish company “Eurostudio”.

“Upon conclusion of negotiations and confirmation of achieving the agreement that satisfies all sides, a representative of
Asian Development Bank, which provides financing for construction of the new station, has arrived in Georgia. The agreement between the sides allows Georgia’s Municipal Development Fund an opportunity to declare a tender on construction of the station. The tender is scheduled for opening in the nearest days”, Khokrishvili said.

According to him, the project and the entire tender documentation package will be ready by Monday for their transfer to city hall for approval. After this, the project shall undergo a final examination by Asian Development Bank.

Khokrishvili informs that the project’s cost is confidential, but is estimated to range from 35 to 42 million Euros. The project is due to be finished in two years and will be handed off to city hall’s transport services upon completion. The City Hall will also make a decision on what to name the station.
This project is mainly financed by Asian Development Bank, state funds make up only 15% of the total budget.

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GEL Exchange
USD
1
USD
2.8781
EUR
1
EUR
3.2002
GBP
1
GBP
3.7556
RUB
100
RUB
4.6888
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