The FINANCIAL -- Development of tourist infrastructure is starting in Bakuriani. A memorandum of understanding on this project has been signed between the state and private sector in the Hotel Radisson.
The memorandum was signed by the Ministry of Economy, National Agency for State Property Management, Mountain Resort Development Company, and the representatives of Akhali Mitarbi, a company that is a part of the Reconstruction and Development Company of Georgia.
According to the memorandum, the Government of Georgia will finance the construction of the Kokhta and Mitarbi ropeways with GEL 48 million. The Reconstruction and Development Company of Georgia will make an investment of GEL 70 million in the real estate part of the project, which will be one of the largest investments in the revival of mountain tourism.
It is significant that the project will be implemented through Public-Private Partnership, a model just recently introduced in Georgia and one that is necessary for the development of the market economy, Minister of Economy Giorgi Kvirikashvili commented.
Founder of TBC Group, Mamuka Khazaradze, estimated the project to be an unprecedented case of partnership between the state and private sector. “This is a new step in the development of Georgian tourism. After the project is finished, we will have a skiing resort of the highest standard, such as we see in Austria, France or Switzerland. It is important to note that each building or construction will be built according to a very strict and profound general plan, with the highest quality materials used, and it’s also noteworthy that the resort will have exquisite architecture. This project will act as an example to others, and will encourage further development of tourism infrastructure and the creation of an attractive investment environment. As a result of these developments, additional workplaces will be created and local entrepreneurship will be encouraged,” stated Mamuka Khazaradze.
He also noted that the general plan will be designed by a famous Canadian company, which was invited onto this project by the Reconstruction and Development Company of Georgia. The project itself belongs to Georgian company Architects.ge.
The construction of ropeways will be implemented by Austrian company Doppelmayr, the world’s leading company in skiing and mountain infrastructure development.