ADB OKs Money for Batumi

The Asian Development Bank (ADB) has approved a $20 million loan to stem coastal erosion around the popular Black Sea tourist destination of Batumi. 

Batumi, the capital of the Autonomous Republic of Adjara, with a population of more than 150,000, is one of the fastest developing cities along the Black Sea coast and plays a significant role in the country’s economy and tourism sector.

This coastal area attracts visitors from throughout Georgia and neighboring countries.

This investment will help halt coastal erosion at one of the country’s most popular summer seaside resort areas,” said Anand Chiplunkar, Director of the Urban Development and Water Division of ADB’s Central and West Asia Department. 

This loan, the fourth under a $300 million Sustainable Urban Transport Investment Program, a multitranche financing facility approved by ADB in 2010, is earmarked for coastal protection works along the 5 kilometer Batumi coastline where erosion threatens beachfront, roadways, bicycle lanes and buildings.

Share this article

Follow Dredging Today

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Navingo Career Event 2020

The Navingo Career Event is Europe’s biggest career event for the maritime,…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply