Today the World Bank's Regional Director for the South Caucasus Mercy Tembon, Minister of Finance of Georgia Ivane Machavariani and Executive Director of MDF Giorgi Shengelia signed the Loan and Project Agreement at the cost of 90 million EUR for implementation of “Innovations, Inclusive Education and Quality” Project. The project will assist to human capital development by raising the availability of preschool education and providing qualitative education and favorable learning environment.

Construction of Bakuriani bypass road undergoes implementation by the Municipal Development Fund (MDF) of the Ministry of Regional Development and Infrastructure of Georgia (MRDI). The project implementation is funded by the European Investment Bank (EIB) and its costs exceeds GEL 6 million. Executive Director of MDF Giorgi Shengelia inspected the project progress on site.

On June 7, at 15:00 the Municipal Development Fund of Georgia will hold an Open Day at their office (address: #150 Aghmashenebli avenue) for representatives of road companies. At the meeting, Giorgi Shengelia, Executive Director of the Municipal Development Fund of Georgia will, for keeping representatives of companies abreast, update them on planned road projects.

The Municipal Development Fund (MDF) has announced the Bidding for construction of the Museum of Regional Studies. The project undergoes implementation with financial support from the Government of Georgia and its tentative cost exceeds GEL 5.5 million.

The Municipal Development Fund has commenced rehabilitation works for the boulevard and and its adjoining central streets in Ozurgeti Municipality Village Ureki. The project is backed by the Government of Georgia and its cost averages GEL 5 million.