05.Dec .2022 10:00

Gov't Has Allocated GEL 200 MLN From The Budget for Development Of New Travel Destinations

Gov't Has Allocated GEL 200 MLN From The Budget for Development Of New Travel Destinations
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Irakli Garibashvili, Prime Minister of Georgia held Economic Council Meeting. The meeting held within the Government Administration was concentrated on the positive economic trends witnessed in the country and discussion of plans for the future. Council Members reviewed the development of new travel destinations, which is actively pursued by the Ministry of Economy and Sustainable Development of Georgia under the instructions of the Prime Minister of Georgia. It was noted that increased volume of international visitors is essential for the economic advancement and stimulation of growth in the country. Development of travel destinations, including the spa resorts becomes particularly important towards this end. Funds in the value of GEL 200 MLN have been allocated from the State Budget for the development of infrastructure for new travel destinations in the country.

It was noted that the Government of Georgia is working on the full rehabilitation and reconstruction of 10 new resort cities and hamlets. Projects will be implemented in various directions and they cover the development of tourist attractions as well as the creation of investment opportunities for businesses inter alia resulting in new employment opportunities.

Discussion was also related to the development of spatial planning in the country. It was noted that work is actively pursued on the Terms of Reference (TOR) and a consortium will be selected through competitive selection in the nearest future comprising both domestic and leading foreign companies. Referred consortium will come up with a concept paper for the design and development of the plan within a year.