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THE CORPORATION OF THE USA UNDER FOREIGN PRIVATE INVESTMENTS HAS ALLOCATED 26 MILLION DOLL ON

				
				
				
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THE CORPORATION OF THE USA UNDER FOREIGN PRIVATE INVESTMENTS HAS ALLOCATED 26 MILLION DOLL ON
BUILDING IN TBILISI TWO HOTELS OF THE HIGHER CLASS.
      Tbilisi, on October, 9th. A/PRIME-TASS/. Corporation of the USA on the foreign
To private investments/OPIC/and Georgian joint-stock company "Hotel" of Tbilisi "have signed
Last Saturday the contract on 26 million allocation doll on building in
Tbilisi two hotels of the higher class.
       The Georgian private financed by the American investors
The company plans to construct hotel on prospectus Rustaveli
/reconstruction of hotel "Tbilisi" destroyed during the armed
Collisions, proisshedshih between supporters and opponents Zviada
Gamsahurdia in December 1991 - January 1992 gg/till April 2001 g, and also
The big hotel on the area of Freedom which will be handed over by September 2001
Year.
      In total the American investors namereny to enclose in
The civil-engineering design in Tbilisi two hotels of the higher class of 57 million dollars
Besides п PIC the private will take part in project financing
The American investors who will allocate 27 million doll, and also
American company Marriott which will give 4 million dollars
       According to the president of Georgia Edward Shevardnadze, which
Was present at ceremony of signing of the contract, during building in
The state budget of Georgia it will be listed 12 million chests/1 doll 1,98 chests/, and
After opening of hotels - 8 million chests ezhegodno. - 0 - nb
//* an information Source: the Prime-TASS, 9.10.00
//* Reg. Nom. - 1101000127.06-------------------------------------------