Search Results

1. IN 2019, LOSS OF “GMT MTATSMINDA” INCREASED BY 89.7%
   (Daily News: December 24, 2020)

   LLC GMT Mtatsminda reported loss of $2.6 million for 2019. According to audited report of this company, operating restaurant Funicular, located in Mtatsminda Park of Tbilisi, the volume has increased by 89.7% year-on-year.

2. “SAKARTVELOS BANKI” RECEIVED EBRD AWARD FOR TRANSACTION RELATED TO RECONSTRUCTION OF TBILISI FUNICULAR
   (Daily News: July 1, 2013)

   Sakartvelos Banki (Bank of Georgia) received award of the EBRD’s trade financing programme for the best transaction, implemented in 2012.

   As Sakartvelos Banki said, it has issued 2 EBRD-supported guarantees for rehabilitation of Tbilisi Funicular.

3. ARAB INVESTORS TO OPEN MTATSMINDA PARK
   (Daily News: April 2, 2009)

   RAK Investment Authority Georgia (Georgian subsidiary of Arab Rakeen Development) reported that Mtatsminda Park in Tbilisi will be opened on April 4.

   Marketing and PR service of Mtatsminda Park company announced that new park amusements will be added by the end of 2009, a funicular will be launched, etc.

4. GMT GROUP TO INVEST $100M IN TWO PROJECTS
   (Daily News: September 12, 2007)

   GMT Group implements two projects in Tbilisi with total cost of $100 million, Irakli Badiashvili, vice-president, said. The projects are co-financed by OPIC (Overseas Private Investment Corporation of the US government).

5. 24 Saati: “RECONSTRUCTION OF FUNICULAR RESTAURANT TO BE COMMENCED”
   (Economic Press Monitor: September 12, 2005)

   GMT Group, the owner of restaurant on Tbilisi funicular’s upper plateau, will reconstruct the entity. The company plans to invest 8-9 million lari in the building, which famous front will be preserved.

6. Mtavari Gazeti: “TBILISI SKY WILL BE CROSSED BY THE SECURE CABLEWAYS”
   (Economic Press Monitor: June 4, 2004)

   Three cableways, serving Tbilisi – till Turtle Lake (1,150 m), Samgori-Vazisubani (1,000 m) and to the University (450 m) were confessed as secure. The Tbilbagirtransi (serves the cableways) declares that it has spent 7,000 lari on the renewal works.

7. 24 Saati: “CHILDREN, TBILISI HAD A FUNICULAR TOO”
   (Economic Press Monitor: April 22, 2004)

   The history of Tbilisi funicular (officially – LLC Mtatsminda Park) begins since 1900. In 1992 this tempting piece was delivered to Tbilisi City, it seems that later the object was considered as unprofitable and was delivered to the society Tbiliseli.

8. MTATSMINDA PARK TO BE LEASED FOR 49 YEARS
   (Daily News: October 11, 2004)

   Tbilisi Mayor’s Office has announced a tender on a 49-year lease of the Mtatsminda Park (the funicular and Mtatsminda plateau). Applications are accepted until November 12 and will be opened on November 15.

9. TENDER ON TBILISI MTATSMINDA PLATEAU LEASING TO BE ANNOUNCED BY THE END OF THE YEAR
   (Daily News: September 16, 2004)

   Leasing terms of funicular and Mtatsminda plateau of Tbilisi are being defined actively, Rezo Urushadze, the deputy chief of the state property management service of the Tbilisi Mayor’s Office, has told Sarke. The tender is to be announced by the end of year in order to commence overhaul of this earlier popular rest place for the Tbilisi population in time.

10. LAST JAPANESE TOURIST, ONE OF THE VICTIMS OF THE ACCIDENT AT TBILISI FUNICULAR, DISCHARGED FROM HOSPITAL
    (Daily News: June 27, 2000)

    75-year-old Kimiko Omuri accompanied by the doctor of the Tbilisi Medical University clinic left for Tokyo (via Moscow) on June 26. The tourist, who after the accident at Tbilisi funicular on June 21 had been in a grave condition, was sent to Vienna on June 23 for account of the insurance company.

11. JAPANESE TOURISTS HAVE COME TO HARM AS A RESULT OF THE ACCIDENT IN TBILISI
    (Daily News: June 21, 2000)

    Today, at noon, the tram, transporting 20 Japanese tourists in Tbilisi funicular, lost control, slipping down, ran into the border. Consequently, 8 tourists have received light body injuries, 1 is in a grave condition, 11 – not in dangerous condition.

12. CONFERENCE FOR DEVELOPMENT OF SYSTEM OF ECOLOGICALLY SAFE AUTOMATED TRANSPORTATION MEANS TO BE HELD IN TBILISI
    (Daily News: July 22, 1999)

    The President approved of the plans for this first international scientific and practical conference. It will be held at the initiative of the Ministry of Transport of Georgia, Democracy and Revival Fund, Georgian interdepartmental complex for automated transportation means design, Engineering Academy, State Department of Tourism and Resorts.