EBRD GOING TO PARTICIPATE IN KARS-TBILISI-BAKU PROJECT

PanARMENIAN.Net
17.05.2007 18:06 GMT+04:00

/PanARMENIAN.Net/ The European Bank for Reconstruction and
Development (EBRD) plans to participate in the construction of the
Kars-Akhalkalaki-Tbilisi-Baku railway project, Azerbaijan’s Economic
Development Minister Heydar Babaev stated, noting that if talks
are successful, the corresponding document may be signed in Kazan
May 20-21.

The Minister refused to clarify details of EBRD’s participation, if it
will be in the form of assigning financial means or in other forms. "It
is well-known that we have solved the financial side of the project.

The important thing is that EBRD will participate in the project,"
Babaev underscored, Day.az reports.

The U.S. Congress refused to finance the Kars-Akhalkalaki-Tbilisi-Baku
railway project, which will bypass Armenia. The European Union also
keeps to similar viewpoint.
From: Baghdasarian