TBILISI (Armenpress)–The United States signed a five-year $295.3 million agreement with Georgia through the Millennium Challenge Corporation (MCC)–Georgian media reported–citing MCC.
US State Secretary Condoleezza Rice and Georgian President Mikhail Saakashvili signed the agreement in New York on Monday.
A portion of the funds–about $102 million–will be allocated to constructing roads in Javakhk. Of that–50 million will go to constructing the Akhaltskha-Akhalkalak-Ninotsminda highway.
"MCC is proud to be Georgia’s partner in its efforts to reduce poverty in the regions outside of Tbilisi," MCC Vice President Charles Sethness said.
Georgian President Mikhail Saakashvili–who was in New York for the 60th UN General Assembly–thanked the United States for its help–saying–"this agreement is a partnership between our two peoples who share the same values and have the same dreams for their children and believe in the supreme value of liberty," according to Reuters.
The agreement aims to reduce poverty and stimulate economic growth in regions outside of Georgia’s capital–Tbilisi.