MCG CONTRACTS WYG INTERNATIONAL TO MANAGE AVAKHETI ROAD REHABILITATION PROGRAM

ARMENPRESS
May 07 2007

TBILISI, MAY 7, ARMENPRESS: Last month the Millennium Challenge
Georgia Fund ("MCG") signed the agreement with the company "WYG
International" which will be managing MCG Samtskhe-Javakheti road
rehabilitation project.

Contract price comprises USD 1, 748, 906,00 (one million seven hundred
forty eight thousand, nine hundred six).

"WYG International is the UK based company with international
experience, founded in 1980, providing service to clients in the
fields of social and economic development.

The purpose of the project is to develop Samtskhe-Javakheti traffic
network in order to facilitate commercial activities in the region.

Key components of the project are: rehabilitation/construction of
around 245 km of main road and rendering technical assistance to the
Road Department of Georgia in the issues on development of the general
plan of the road system, maintenance, planning and contract management.

Rehabilitation-construction works will commence in August-September
2007 relying on the results of the feasibility study, EIA and road
design. Bulk of work is expected to be completed by fall 2009,
entire road rehabilitation project – in 2010. Project budget is USD
102.2 million.

Georgia is one of the two former Soviet republics (also Armenia)
that has been selected as a recipient of a hefty $295 million extra
aide from the government of the USA within the frameworks of its
Millennium Challenge Account program.

The majority of the population of the region’s southeastern portion,
Javakheti, is ethnic Armenian.