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Georgia Is Obliged Not To Sell Road Gas Pipeline For 5 Years

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  • Georgia Is Obliged Not To Sell Road Gas Pipeline For 5 Years

    GEORGIA IS OBLIGED NOT TO SELL ROAD GAS PIPELINE FOR 5 YEARS

    AZG Armenian Daily
    28/04/2006

    According to Georgia Millennium Challenge Fund, Georgia is not
    allowed to sell the road pipeline for five years. Georgia undertook
    this commitment, when receiving financial sources within the
    framework of Millennium Challenges Corporation. The Corporation will
    allocate $295 million envisaged for four projects. Particularly,
    the financial sources are allocated for the construction of
    Akhaltskhe-Akhalkalaki-Ninotsminda road, for the reconstruction of the
    country's road gas pipeline and for restoration of its energy system,
    for development of infrastructures and agriculture.

    It's noteworthy that in case of selling the road gas pipeline, the
    Russian Gazprom is likely to purchase that. Yet, the US authorities
    are obviously against this deal. This position may be the most probable
    reason for Georgia to undertake the abovementioned commitment.
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