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Second Regional Development Project Additional Financing

Development Objective

The Project Development Objective is to improve infrastructure services and institutional capacity to support increased contribution of tourism in the local economy of the Imereti Region.

Key Details

Project Details

  • P157465

  • Closed

  • Rosanna Nitti , Vica Bogaerts

  • N/A

  • Georgia

  • March 1, 2016

  • (as of board presentation)

    April 4, 2016

  • N/A

  • US$ 11.25 million

  • Municipal Development Fund of Georgia,Georgia Municipal Development Fund

  • Europe and Central Asia

  • 2016

  • US$ 9.00 million

  • B

  • Not Applicable

  • December 31, 2019

  • Yes

  • BANK APPROVED

  • P130421

  • October 12, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 9.00
Borrower/Recipient 2.25

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 9.00
IDA Commitment N/A
IBRD + IDA Commitment 9.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 11.25

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Increased energy efficiency of street lighting in TskaltuboValue0.0030.0030.00
    DateSeptember 7, 2012December 24, 2014December 31, 2016
    CommentStreet lights are under replacement
  • Increased number of hours per day of piped water services in TskaltuboValue8.0016.0016.00
    DateSeptember 7, 2012December 24, 2014December 31, 2016
    CommentFurther pipe works and tests are underway
  • Increase volume of private sector investment in Tskaltubo mobilized by the Tskaltubo Destination Management and Development Office.Value0.002600000.0020000000.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    Comment
  • Increased number of hotel beds in circuit route areasValue2661.003943.004400.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    CommentNew hotel, Tskaltubo Plaza, opened ate the project site around the park.
  • Increased revenues from tickets sold at Vani museumValue10519.000.0090000.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    CommentRefurbishment works at the museum do not allow visitation

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of Parks upgraded in TskaltuboValue0.001.002.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    CommentWorks are underway
  • Number of tickets sold at Vani museumValue5215.000.0015645.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    Comment
  • Number of tourism facilities constructed at cultural heritage sites along the tourist circuitValue0.000.005.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    Comment
  • Piped household water connections that are benefiting from rehabilitation works undertaken by the projectValue0.002000.005000.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    Commentworks are underway
  • Number of buildings restored and constructed in Tskaltubo and VaniValue0.009.009.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    CommentWorks are underway
  • Roads rehabilitated, Non-ruralValue0.005.105.10
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    CommentWorks are underway
  • Number of people in urban areas provided with access to all-season roads within a 500 meter range under the projectValue0.006000.006000.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    CommentWorks are underway
  • Production and distribution of new maps based on geotourism databaseValue0.0013800.0010000.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    Comment
  • Number of street lighting posts and bulbs replacedValue0.001765.001448.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    Comment
  • Establishment and operation of Tskaltubo destination management development and officeValue0.000.001.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    CommentDesign of legal framework is underway with Ministry of Economy and the Partnership Fund, funded by the latter
  • Direct project beneficiariesValue0.0010000.0020000.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    CommentWorks are underway
  • Increased annual number of visitors at Project sitesValue740000.00320000.00903000.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    CommentNumber went down due to construction works
  • Female beneficiariesValue0.005000.0010000.00
    DateSeptember 7, 2012February 16, 2016December 31, 2016
    Comment