Regional Development Project

Abstract*

The objective of the Regional Development Project for Georgia is to improve infrastructure services and institutional capacity to support the development of tourism-based economy and cultural heritage circuits in the Kakheti region. There are two components to the project, the first component being Infrastructure Investment. This component includes two subcomponents: 1) provision of financial resources to local-self governments (LSGs) to carry out... Show More

Development Objective

The Project Development Objective is to improve infrastructure services and institutional capacity to support the development of tourism-based economy and cultural heritage circuits in the Kakheti region

Key Details

Project Details

Project ID
P126033
Status
Closed
Team Leader
Rosanna Nitti , Vica Bogaerts, Dmitry Sivaev
Borrower 2
Ministry of Finance

Country
Georgia
Disclosure Date
November 4, 2011
Approval Date
(as of board presentation)
March 20, 2012
Effective Date
May 31, 2012

Total Project Cost 1
US$ 75.00 million
Implementing Agency
Georgia Municipal Development Fund
Region
Europe and Central Asia
Fiscal Year 3
2012

Commitment Amount
US$ 60.00 million
Environmental Category
F
Last Update Date
October 12, 2023
Closing Date
December 31, 2017

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Private Sector Development

FY17 - Jobs9%
- FY17 - Job Creation9%
FY17 - Regional Integration20%

FY17 - Urban and Rural Development

FY17 - Cultural Heritage23%
FY17 - Rural Development9%
- FY17 - Rural Infrastructure and service delivery9%
FY17 - Urban Development38%
- FY17 - Urban Infrastructure and Service Delivery37%
- FY17 - Urban Planning1%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	15.00
International Bank for Reconstruction and Development	60.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	60.00
IDA Commitment	N/A
IBRD + IDA Commitment	60.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	75.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jan 15, 2016	IBRD-81480	Int Charges	280,569.80
Jul 15, 2021	IBRD-81480	Int Charges	279,286.75
Aug 1, 2016	IBRD-81480	Loan Disb	1,590,829.90
Jul 15, 2016	IBRD-81480	Int Charges	1,503.87
Jul 15, 2016	IBRD-81480	Int Charges	407,074.30
Nov 12, 2014	IBRD-81480	Loan Disb	1,789,621.20
Jul 15, 2013	IBRD-81480	Int Charges	205,625.10
Aug 16, 2013	IBRD-81480	Loan Disb	1,798,366.60
Dec 11, 2013	IBRD-81480	Loan Disb	3,266,828.50
Jan 15, 2014	IBRD-81480	Int Charges	202,064.02
Jul 15, 2014	IBRD-81480	Loan Disb	1,563,623.40
Jul 15, 2014	IBRD-81480	Int Charges	2,763.19
Jul 15, 2014	IBRD-81480	Int Charges	199,639.12
Feb 27, 2015	IBRD-81480	Loan Disb	1,250,350.20
Jan 15, 2015	IBRD-81480	Int Charges	217,233.05
Jul 15, 2019	IBRD-81480	Int Charges	1,025,011.06
Jan 15, 2020	IBRD-81480	Int Charges	848,820.40
Jul 15, 2020	IBRD-81480	Int Charges	738,263.75
Jan 15, 2018	IBRD-81480	Int Charges	640,603.60
May 29, 2018	IBRD-81480	Loan Cancel	2,733,257.20
Jul 15, 2018	IBRD-81480	Int Charges	109.49
Jul 15, 2018	IBRD-81480	Int Charges	753,426.80
May 29, 2018	IBRD-81480	Loan Disb	-2,404,990.00
Jan 15, 2019	IBRD-81480	Int Charges	7,975.22
Jan 15, 2019	IBRD-81480	Int Charges	928,654.20
Jan 15, 2017	IBRD-81480	Int Charges	473,707.12
Nov 10, 2016	IBRD-81480	Loan Disb	1,502,049.80
Jul 15, 2017	IBRD-81480	Int Charges	588,347.50
Dec 26, 2017	IBRD-81480	Loan Disb	93,401.85
Mar 7, 2018	IBRD-81480	Loan Disb	177,623.80
Aug 19, 2015	IBRD-81480	Loan Disb	896,193.94
Jul 15, 2015	IBRD-81480	Int Charges	238,627.16
Jul 15, 2023	IBRD-81480	Int Charges	72,781.10
Jul 15, 2023	IBRD-81480	Int Charges	1,467,591.10
Jul 15, 2023	IBRD-81480	Loan Repay	1,906,982.50
Jan 15, 2024	IBRD-81480	Int Charges	22,831.21
Jan 15, 2024	IBRD-81480	Int Charges	1,680,402.10
Jan 15, 2024	IBRD-81480	Loan Repay	1,906,982.50
Mar 20, 2012	IBRD-81480	Loan Commitment	60,000,000.00
Jul 15, 2024	IBRD-81480	Int Charges	11,033.41
Jul 15, 2024	IBRD-81480	Int Charges	1,628,163.00
Jul 15, 2024	IBRD-81480	Loan Repay	267,786.16
Jul 15, 2024	IBRD-81480	Loan Repay	1,639,196.40
Jul 15, 2022	IBRD-81480	Loan Repay	1,906,982.50
Jul 15, 2022	IBRD-81480	Int Charges	327,901.75
Jan 15, 2022	IBRD-81480	Int Charges	257,573.10
Jan 15, 2023	IBRD-81480	Int Charges	1,143,584.80
Jan 15, 2023	IBRD-81480	Loan Repay	1,906,982.50
Jan 15, 2023	IBRD-81480	Int Charges	64,991.57
Jan 15, 2021	IBRD-81480	Int Charges	304,404.56
Dec 16, 2015	IBRD-81480	Loan Disb	1,786,770.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2017-12-28
Procurement	Satisfactory	2017-12-28
Counterpart Funding	Satisfactory	2017-12-28
Overall Implementation Progress (IP)	Satisfactory	2017-12-28
Project Management	Satisfactory	2017-12-28
Financial Management	Satisfactory	2017-12-28
Monitoring and Evaluation	Satisfactory	2017-12-28

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-25-2018
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-21-2018	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Reduce weighted average vehicle operating cost due to improved urban roads Value 100.00 75.00 71.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Increased (direct and indirect) volume of private sector investment Value 0.00 50000000.00 61000000.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Increase number of hotel beds in circuit route areas Value 1610.00 1932.00 3016.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment

Increase points of sales (tickets, souvenirs shops, restaurants, hotels, guesthouse and family houses) in renovated culture heritage sites and cities	Value	248.00	323.00	337.00
	Date	May 30, 2012	December 31, 2017	December 22, 2017
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Piped household water connections that are benefiting from rehabilitation works undertaken by the project Value 0.00 500.00 907.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Roads constructed and rehabilitated Value 0.00 20.00 26.30
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Number of private investment proposals approved Value 0.00 10.00 11.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Number of redeveloped culture heritage sites along the the tourist circuit Value 0.00 11.00 11.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Production/Distribution of new maps based on geotourism database Value 0.00 10000.00 19449.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Number of established and operating of destination management offices Value 0.00 1.00 1.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Number of buildings restored in Telavi, Kvareli and Dartlo Value 0.00 150.00 217.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Direct project beneficiaries Value 0.00 30800.00 32319.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment
Female beneficiaries Value 0.00 16140.00 16867.00
Date May 30, 2012 December 31, 2017 December 22, 2017
Comment

Reduce weighted average vehicle operating cost due to improved urban roads	Value	100.00	75.00	71.00
	Date	May 30, 2012	December 31, 2017	December 22, 2017
	Comment

Increased (direct and indirect) volume of private sector investment	Value	0.00	50000000.00	61000000.00
	Date	May 30, 2012	December 31, 2017	December 22, 2017
	Comment

Increase number of hotel beds in circuit route areas	Value	1610.00	1932.00	3016.00
	Date	May 30, 2012	December 31, 2017	December 22, 2017
	Comment

Roads constructed and rehabilitated	Value	0.00	20.00	26.30
	Date	May 30, 2012	December 31, 2017	December 22, 2017
	Comment

Direct project beneficiaries	Value	0.00	30800.00	32319.00
	Date	May 30, 2012	December 31, 2017	December 22, 2017
	Comment

Female beneficiaries	Value	0.00	16140.00	16867.00
	Date	May 30, 2012	December 31, 2017	December 22, 2017
	Comment