The road between Kvesheti-Kobi road is 23 km. Tunnel is 9 km. Chinese company China Railway 23rd Bureau Group Co. builds it. Menafn writes 2 km of the 9km tunnel already excavated and also 2,2km of evacuation tunnel.
They use a CREG TBM (Tunnel Boring Machine) whose diameter is 15 meters.
Project cost estimate US$ 558.6 million. Financed by loan of US$ 415 million from Asian Development Bank (ADB), US$60 million from European Bank for Reconstruction and Development (EBRD) and US$ 83.6 million from government of Georgia.
ADB is collective bank owned as of December 2020 by Japan (15.571%), USA (15.571%), China (6.429%), India (6.317%), and Australia (5.773%). EBRD is owned by USA.
cover tunnel photo by: Matt Brown from London, England / CC BY
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https://menafn.com/1103546947/Construction-of-new-road-and-tunnel-near-Georgian-Russian-border-will-be-completed-by-2024
Construction of new road and tunnel near Georgian-Russian bo...
menafn.comBAKU, Azerbaijan, Jan. 16
Trend:
The construction of the 23-kilometer Kvesheti-Kobi road and the nine-kilometer tunnel, which are a