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.