| Financier | Commitments |
|---|---|
| Borrower/Recipient | 15.00 |
| International Bank for Reconstruction and Development | 60.00 |
Third Regional Development Project
Abstract*
The development objective of the Third Regional Development Project for Georgia is to improve infrastructure services and institutional capacity to support increased contribution of tourism in the local economy of the Samtskhe-Javakheti and Mtskheta-Mtianeti regions. The project comprises of two components. The first component, infrastructure investment will finance urban regeneration of old towns and villages, including restoration of building facades... Show More
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 Samtskhe-Javakheti and Mtskheta-Mtianeti regions.
Key Details
Project Details
P150696
Closed
Tafadzwa Dube , Tengiz Gogotishvili
Georgia
November 28, 2014
(as of board presentation)
July 1, 2015
October 15, 2015
US$ 75.00 million
Georgia Municipal Development Fund
2016
US$ 60.00 million
B
Not Applicable
October 30, 2024
Yes
BANK APPROVED
February 27, 2024
Finances
Financing Plan (US$ Millions)
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.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Sep 21, 2022 | IBRD-84940 | Loan Disb | 20,021.98 |
| Dec 15, 2022 | IBRD-84940 | Int Charges | 30,628.97 |
| Dec 15, 2022 | IBRD-84940 | Int Charges | 692,877.94 |
| Sep 26, 2022 | IBRD-84940 | Loan Disb | 4,946.15 |
| Feb 13, 2023 | IBRD-84940 | Loan Disb | 3,002,462.20 |
| Sep 5, 2023 | IBRD-84940 | Loan Disb | 22,700.23 |
| Sep 20, 2023 | IBRD-84940 | Loan Disb | 204,411.19 |
| Jun 20, 2023 | IBRD-84940 | Loan Disb | 1,775,290.10 |
| Sep 8, 2023 | IBRD-84940 | Loan Disb | 247,291.44 |
| Jun 15, 2023 | IBRD-84940 | Int Charges | 1,392.76 |
| Jun 15, 2023 | IBRD-84940 | Int Charges | 72,440.45 |
| Jun 15, 2023 | IBRD-84940 | Int Charges | 19,449.76 |
| Sep 27, 2023 | IBRD-84940 | Loan Disb | 246,452.23 |
| Sep 27, 2023 | IBRD-84940 | Loan Disb | 1,032,342.56 |
| Aug 16, 2023 | IBRD-84940 | Loan Disb | 797,615.94 |
| Sep 19, 2023 | IBRD-84940 | Loan Disb | 156,315.47 |
| Dec 15, 2023 | IBRD-84940 | Int Charges | 11,874.96 |
| Dec 15, 2023 | IBRD-84940 | Int Charges | 1,597,431.40 |
| Jun 23, 2023 | IBRD-84940 | Loan Disb | 394,255.28 |
| Jun 15, 2023 | IBRD-84940 | Int Charges | 1,273,966.60 |
| Oct 16, 2023 | IBRD-84940 | Loan Disb | 4,605,363.00 |
| Dec 7, 2023 | IBRD-84940 | Loan Disb | 2,477,542.00 |
| Dec 15, 2023 | IBRD-84940 | Int Charges | 23,958.10 |
| Apr 1, 2024 | IBRD-84940 | Loan Disb | 80,779.92 |
| Jun 15, 2017 | IBRD-84940 | Int Charges | 79,183.04 |
| Dec 15, 2017 | IBRD-84940 | Int Charges | 65,535.59 |
| Dec 15, 2017 | IBRD-84940 | Int Charges | 92,943.85 |
| Dec 11, 2017 | IBRD-84940 | Loan Disb | 183,425.45 |
| Sep 8, 2017 | IBRD-84940 | Loan Disb | 372,978.40 |
| Jun 15, 2018 | IBRD-84940 | Int Charges | 64,727.84 |
| Jun 15, 2018 | IBRD-84940 | Int Charges | 111,039.71 |
| Dec 15, 2018 | IBRD-84940 | Int Charges | 61,295.18 |
| Dec 15, 2018 | IBRD-84940 | Int Charges | 173,961.34 |
| Dec 14, 2018 | IBRD-84940 | Loan Disb | 217,446.73 |
| Oct 19, 2018 | IBRD-84940 | Loan Disb | 3,963,166.00 |
| Aug 21, 2018 | IBRD-84940 | Loan Disb | 2,825,095.80 |
| Jan 14, 2019 | IBRD-84940 | Loan Disb | 2,189,360.80 |
| Jun 15, 2019 | IBRD-84940 | Int Charges | 20,246.48 |
| Jun 15, 2019 | IBRD-84940 | Int Charges | 53,720.37 |
| Jun 15, 2019 | IBRD-84940 | Int Charges | 332,468.10 |
| Jun 15, 2019 | IBRD-84940 | Int Charges | 1,548.76 |
| Jun 20, 2019 | IBRD-84940 | Loan Disb | 1,250,665.60 |
| Oct 28, 2019 | IBRD-84940 | Loan Disb | 1,783,921.10 |
| Mar 26, 2020 | IBRD-84940 | Loan Disb | 99,997.92 |
| Dec 18, 2019 | IBRD-84940 | Loan Disb | 62,651.90 |
| Dec 15, 2019 | IBRD-84940 | Int Charges | 51,438.24 |
| Dec 15, 2019 | IBRD-84940 | Int Charges | 311,931.62 |
| Dec 13, 2019 | IBRD-84940 | Loan Disb | 999,935.56 |
| Dec 23, 2019 | IBRD-84940 | Loan Disb | 150,647.78 |
| Jun 15, 2020 | IBRD-84940 | Int Charges | 600.19 |
| Jun 15, 2020 | IBRD-84940 | Int Charges | 7,481.07 |
| Jun 15, 2016 | IBRD-84940 | Int Charges | 275.38 |
| Jun 15, 2016 | IBRD-84940 | Int Charges | 68,614.20 |
| Jun 15, 2017 | IBRD-84940 | Int Charges | 522.45 |
| Mar 15, 2017 | IBRD-84940 | Loan Disb | 865,318.20 |
| Jun 15, 2017 | IBRD-84940 | Int Charges | 3,323.10 |
| Jun 15, 2017 | IBRD-84940 | Int Charges | 65,942.90 |
| Jun 20, 2024 | IBRD-84940 | Loan Disb | 319,722.34 |
| Jun 15, 2024 | IBRD-84940 | Int Charges | 2,028.37 |
| Jun 15, 2024 | IBRD-84940 | Int Charges | 60,955.49 |
| Jun 28, 2024 | IBRD-84940 | Loan Disb | 1,468,237.40 |
| Jun 15, 2024 | IBRD-84940 | Int Charges | 3,035.16 |
| Jun 15, 2024 | IBRD-84940 | Int Charges | 1,988,326.10 |
| Jul 12, 2024 | IBRD-84940 | Loan Disb | 73,111.13 |
| Jun 17, 2024 | IBRD-84940 | Loan Disb | 347,439.20 |
| Mar 11, 2024 | IBRD-84940 | Loan Disb | 325,397.20 |
| Jul 1, 2015 | IBRD-84940 | Loan Commitment | 60,000,000.00 |
| Oct 6, 2021 | IBRD-84940 | Loan Disb | 111,486.48 |
| Jun 15, 2022 | IBRD-84940 | Loan Disb | 1,501,019.50 |
| Mar 31, 2022 | IBRD-84940 | Loan Disb | 97,057.76 |
| Jun 15, 2022 | IBRD-84940 | Int Charges | 208,910.48 |
| Jun 15, 2022 | IBRD-84940 | Int Charges | 142.86 |
| Jun 15, 2022 | IBRD-84940 | Int Charges | 540.80 |
| Jun 15, 2022 | IBRD-84940 | Int Charges | 36,063.57 |
| Apr 5, 2022 | IBRD-84940 | Loan Disb | 183,397.81 |
| Apr 5, 2022 | IBRD-84940 | Loan Disb | 171,242.50 |
| Feb 18, 2022 | IBRD-84940 | Loan Disb | 1,138,146.00 |
| Jul 6, 2022 | IBRD-84940 | Loan Disb | 461,554.12 |
| Jul 13, 2022 | IBRD-84940 | Loan Disb | 656,299.94 |
| Dec 15, 2021 | IBRD-84940 | Int Charges | 227.39 |
| Dec 15, 2021 | IBRD-84940 | Int Charges | 925.40 |
| Dec 15, 2021 | IBRD-84940 | Int Charges | 39,656.45 |
| Dec 30, 2021 | IBRD-84940 | Loan Disb | 126,684.96 |
| Dec 15, 2021 | IBRD-84940 | Int Charges | 169,438.19 |
| Dec 23, 2021 | IBRD-84940 | Loan Disb | 110,414.68 |
| Dec 16, 2022 | IBRD-84940 | Loan Disb | 3,987,637.80 |
| Sep 29, 2022 | IBRD-84940 | Loan Disb | 279,443.72 |
| Oct 18, 2022 | IBRD-84940 | Loan Disb | 3,505,929.50 |
| Sep 30, 2022 | IBRD-84940 | Loan Disb | 225,363.06 |
| Jun 15, 2020 | IBRD-84940 | Int Charges | 48,073.52 |
| Jun 15, 2020 | IBRD-84940 | Int Charges | 315,506.50 |
| Jul 23, 2020 | IBRD-84940 | Loan Disb | 13,164.41 |
| Sep 29, 2020 | IBRD-84940 | Loan Disb | 19,409.93 |
| Sep 30, 2020 | IBRD-84940 | Loan Disb | 42,134.00 |
| Sep 28, 2020 | IBRD-84940 | Loan Disb | 14,386.45 |
| Jul 28, 2020 | IBRD-84940 | Loan Disb | 19,890.92 |
| Jun 26, 2020 | IBRD-84940 | Loan Disb | 2,292,414.20 |
| Dec 15, 2020 | IBRD-84940 | Int Charges | 44,947.52 |
| Dec 15, 2020 | IBRD-84940 | Int Charges | 172,306.30 |
| Sep 21, 2020 | IBRD-84940 | Loan Disb | 459,742.94 |
| Mar 24, 2021 | IBRD-84940 | Loan Disb | 1,108,952.00 |
| Jan 5, 2021 | IBRD-84940 | Loan Disb | 31,847.62 |
| Nov 30, 2020 | IBRD-84940 | Loan Disb | 3,951.08 |
| Nov 24, 2020 | IBRD-84940 | Loan Disb | 14,858.74 |
| Jan 12, 2021 | IBRD-84940 | Loan Disb | 20,845.69 |
| Apr 2, 2021 | IBRD-84940 | Loan Disb | -71,654.00 |
| Apr 15, 2021 | IBRD-84940 | Loan Disb | 71,744.00 |
| Jun 15, 2021 | IBRD-84940 | Int Charges | 2.53 |
| Jun 21, 2021 | IBRD-84940 | Loan Disb | 94,381.12 |
| Jun 15, 2021 | IBRD-84940 | Int Charges | 12.02 |
| Jun 15, 2021 | IBRD-84940 | Int Charges | 43,332.30 |
| Jun 15, 2021 | IBRD-84940 | Int Charges | 158,285.94 |
| Mar 29, 2021 | IBRD-84940 | Loan Disb | 71,744.00 |
| May 6, 2021 | IBRD-84940 | Loan Disb | 3,628.19 |
| Jun 3, 2021 | IBRD-84940 | Loan Disb | 2,336,894.20 |
| May 4, 2021 | IBRD-84940 | Loan Disb | 15,142.94 |
| Dec 2, 2021 | IBRD-84940 | Loan Disb | 1,604,406.00 |
| Aug 11, 2021 | IBRD-84940 | Loan Disb | 43,829.55 |
| Dec 16, 2015 | IBRD-84940 | Loan Disb | 5,000,000.00 |
| Dec 15, 2015 | IBRD-84940 | Int Charges | 28,704.46 |
| Oct 15, 2015 | IBRD-84940 | Loan Disb | 150,000.00 |
| Oct 15, 2015 | IBRD-84940 | Fee Charges | 150,000.00 |
| Oct 25, 2016 | IBRD-84940 | Loan Disb | 1,499,727.50 |
| Dec 15, 2016 | IBRD-84940 | Int Charges | 68,040.04 |
| Dec 15, 2016 | IBRD-84940 | Int Charges | 47,384.31 |
| Jun 15, 2016 | IBRD-84940 | Int Charges | 41,664.45 |
| Jun 15, 2016 | IBRD-84940 | Int Charges | 62.66 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Satisfactory | 2024-10-28 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-10-28 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-10-28 |
| Financial Management | Satisfactory | 2024-10-28 |
| Monitoring and Evaluation | Satisfactory | 2024-10-28 |
| Procurement | Moderately Satisfactory | 2024-10-28 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of functioning destination organizations in the project area, supported under the Project Value 0.00 0.00 1.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Increased number of local visitors at selected project sites Value 0.00 157.20 25.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Management plans operationalized for museums and cultural heritage sites (Number) Value 0.00 0.00 3.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Increased volume of private sector investments in targeted area (GEL, millions) Value 0.00 16.03 66.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Direct project beneficiaries Value 0.00 31205.00 33684.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Number of beneficiaries of skills development training provided by the Project, disaggregated by gender Value 0.00 467.00 467.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Number of people provided with on-the-job training in tourism management Value 0.00 35.00 30.00 Date April 15, 2015 October 11, 2023 October 30, 2024 Comment Female beneficiaries Value 0.00 52.00 50.00 Date April 11, 2015 December 6, 2017 December 31, 2021 Comment Grievances registered related to delivery of project benefits addressed Value 0.00 100.00 100.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Grievances responded to and/or resolved within one month of being filed Value 0.00 100.00 100.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Number of museums refurbished Value 0.00 2.00 3.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Number of tourism facilities constructed at cultural heritage sites along the tourist circuit Value 0.00 5.00 8.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Piped household water connections that are benefiting from rehabilitation works undertaken by the project Value 0.00 333.00 420.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Improved access roads to selected tourism attraction sites Value 0.00 41.80 41.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Number of houses restored Value 0.00 21.00 58.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Number of street lighting posts and bulbs replaced Value 0.00 470.00 760.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment Number of Parks upgraded Value 0.00 1.00 4.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment New or rehabilitated urban public spaces in selected municipalities (Square Meter(m2)) Value 0.00 13529.00 95000.00 Date April 15, 2015 October 11, 2023 October 30, 2024 Comment Number of jobs created by the Project activities linked to the RDP 3 Value 0.00 0.00 2000.00 Date April 11, 2015 October 11, 2023 October 30, 2024 Comment