Georgia to review deals signed by previous government

TBILISI, Dec 24 (Reuters) - Georgia's new government will

review some investment projects and deals brokered by its

predecessor because they go against the interests of the

country, Prime Minister Bidzina Ivanishvili said on Monday.

Ivanishvili became prime minister after his opposition

coalition deprived President Mikheil Saakashvili's party of a

parliamentary majority in an Oct. 1 election, ending his

nine-year dominance of the Caucasus nation of 4.5 million.

Speaking at a press conference, Ivanishvili said the

government would move cautiously to avoid frightening investors

away from the ex-Soviet republic.

"There are projects and contracts that were signed by the

previous government and are ... not beneficial for our country.

We plan to review these projects, but we want to do it without

scaring business and spoiling relations with other countries,"

he said.

Among the projects Ivanishvili cited was a power station in

southern Georgia's Gardabani region that involved the

participation of Turkish company Mimsan Group and Russia's

InterRao.

Hydropower projects and some deals that gave control of

natural resources to investors could also be reviewed, he said.

Ivanishvili indicated the government had questions about the

funding of the $600 million Baku-Tbilisi-Kars railway that would

link Azerbaijan, Georgia and Turkey, including a 29-kilometre

stretch of track in Georgia.

"It's a very interesting project from a geopolitical point

of view, but there are some economic questions about it,"

Ivanishvili said, adding that the government would discuss the

railway with Azerbaijan. He is slated to visit Baku on

Wednesday.

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