Kars-Akhalkalaki-Tbilisi-Baku Railway Project Intended to Finish before End of 2008

PanARMENIAN.Net
21.10.2006 14:11 GMT+04:00

/PanARMENIAN.Net/ The implementation of Kars-Akhalkalaki-Tbilisi-Baku
railway project will finish before end of 2008, Deputy Minister
of Transport of Azerbaijan Musa Panahov stated. In his words,
the Georgian party is trying to accomplish works on its lot by that
time. "At present financial matters of the project are discussed. The
discussions will last till November 15, 2006. The final version of
the financial agreement will be under consideration then," Panahov
said. In his words, some $200 million will be necessary to implement
the project in Georgia.

He reported that the credit will be paid off at the expense of income
from transportation. "To build the Turkish part of the projects
some $220 million are necessary, while the overall cost is over $400
million. To all appearance, Azerbaijan will take part in the project
at its own expense," Panahov said, reports Novy Region.