The European Investment Bank (EIB) plans to allocate a 106.7 million-euro ($129 million) loan to Georgia to improve road infrastructure, the bank said.

This will cover the reconstruction of the 30-km road section of Algeti-Sadakhlo and the 32-km road section of Rustavi-Red Bridge.

The EIB has so far invested 1 billion euros in the development of Georgia’s road infrastructure.