↑ Scroll to top

Experts to Draft Lazika City Concept

Published: April 3, 2012 | 3:25 pm
Text size: -A +A

The COMMERCIAL TIMES

Georgian and foreign experts have started working on Lazika City concept- a new resort city on the coast of the Black Sea. On April 3, 2012 a special conference was dedicated to the details of the project discussions including the political and economic context of the new city, its constitutional status, legal and governing systems.

The working meeting was attended by the representatives of the Ministries of Economy and Justice, National Bank of Georgia, American experts and the students of the Free University.

“The main goal of the conference is to determine what will be the main fundament of the development of Lazika. We want to construct an entirely new city on the Black Sea coast; no similar project has been implemented in 2000km radius around Lazika and therefore, its correct planning and projection is very important to attract largest foreign investors from around the world and we strongly believe that Lazika has a prospect to become the main engine of Georgia`s economy,” said Giorgi Vashadze, Deputy Minister of Justice  of Georgia.

The President  of Georgia Mikheil Saakashvili announced the plan at the end of 2011. He said Georgia plans to build a new mega-city in Western Georgia, on the shores of the Black Sea, which borders Russian occupied region Abkhazia. According to the President, the new city will become a major commercial, economic and business center of the country, and in 10 years it will be the second largest city in Georgia, with 500 000 population.

The Georgian authorities have already allocated GEL 85 000 for preparation of topographic maps and cleaning land for the construction of a new city Lazika.

 

VN:F [1.9.10_1130]
Rating: 0 (from 0 votes)
Share on Facebook Share on Twitter
More posts in category: Azerbaijan,Featured
  • Zedazeni Lemonade is the first Georgian Drink to be Exported to Russia After 6-Year Embargo
  • Turkey Shifts Exports Targets
  • GEORGIA’S ECONOMY: KEY ECONOMIC MESSAGES FROM THE EBRD’S OFFICE OF CHIEF ECONOMIST
  • Renovated Rabat Fortress Officially Opened