13.May .2022 10:00

PM Visited Army City Construction Site On Mount Makhata

PM Visited Army City Construction Site On Mount Makhata
views 190
Back

Yesterday, Georgian Prime Minister Irakli Garibashvili, accompanied by Defense Minister Juansher Burchuladze, visited the Army City construction site on Mount Makhata.

The Head of Government familiarized himself with the details of this project for Georgian service members. The Georgian Government's policy intends all the best for the army, and care for our service members will continue, the Prime Minister emphasized.

The construction of Army City will be finalized in late 2022. The project involves seven 39-story buildings with 1,092 apartments to be constructed on Mount Makhata. Service members will be able to purchase residences on concessional terms with maximally affordable financial obligations. In particular, 50% co-financing will be employed. Instead of a private company, the Defense Ministry's construction film will be engaged, thereby reducing the capital cost significantly. Service members will enjoy 0% in-house financing instead of a bank loan. The estimated cost of residential spaces will be about 200 USD per m2, with service members paying only 100 USD per m2. This unprecedented offer will apply to service members based on preset criteria.

This project will continue, to which end amendments will be made to the Defense Code to allow officers ranked major and above, with master sergeants and sergeants ranked higher, to receive apartments, an unprecedented decision toward recognizing and appreciating the contributions of service members, and a move toward improving their living conditions drastically.