Georgia to Propose Infrastructure Project for New MCC Compact

Georgia could receive up to USD250 million in new aid from the U.S. Millennium Challenge Corp., according to Georgian Prime Minister Nika Gilauri.

MCC announced in January that Georgia is qualified for a second compact, as Devex has reported.

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Gilauri, who met with MCC Chief Executive Officer Daniel Yohannes in the United States in early February, said the exact value of the new compact is not yet defined but it could range from USD150 million to USD250 million, Georgia Today reports.

The government’s proposal for the compact would include the construction of a technological institute in Batumi, rehabilitation of a highway linking the Samtskhe-Javakheti area with the Black Sea coast, and the construction of a hospital, Gilauri said.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.