China pledges to invest $25 million in agriculture in western Georgia

$25M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Georgia
Country	Georgia
Start Date	Jan 01, 2014
End Date	Jun 29, 2027
Duration	4,927 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42296`

Grant Description

On September 3, 2004, Otar Danelia, the Georgian Minister of Agriculture, led a delegation in an official visit to China in signing a Memorandum of Cooperation with Chinese companies, government officials, and managers of the China Development Bank.

A $25 million investment has been pledged as part of the memorandum for the agricultural sector of Samegrelo - Zemo Svaneti in industries such as agriculture, fisheries, animal husbandry, refrigeration facilities, infrastructure, and agro-tourism development.

📚 Sources & References

China to invest $25 million in agriculture in western Georgia, 25 million dollars will be invested in rural-agricultural sector of west side of Georgia Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.