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Unfinished Construction Projects

Published: August 2, 2013 | 9:35 am
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Nino Shevardnadze, a spokeswoman for the development company Axis, has stated that the construction works are proceeding without any delays, and the company expects to complete 80% of all its current projects by the end of 2013. She adds that the company plans to purchase more plots to initiate new projects. According to Ms. Shevardnadze, the company’s sales figures have increased threefold compared to the previous quarter.
In contrast, construction works have been suspended by the company Olympic Star. Spokeswoman Lela Razikashvili has told TV3 that the company is switching from the Bank of Georgia to the Cartu Bank, which requires a certain amount of time. As soon as the move is completed, the company plans to resume works on its project in the Saburtalo district. Sales have currently been suspended at the Olympic Star.
The company Arsi does not plan to initiate any new construction projects until the end of this year. According to the spokeswoman Tiko Ratiani, the company is focussing entirely on completing its current projects in the Avlabari and Ortachala districts.

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