About Civil.ge
Eng | Geo | Rus
Last updated: 14:05 - 22 Feb.'18
RSS
Mobile
Twitter
Facebook
Minister: Baku to Lend Georgia USD 575m for Regional Rail Link
Civil Georgia, Tbilisi / 19 May.'11 / 16:19

Azerbaijan has agreed to allocate additional USD 575 million loan to a Georgian state-owned company to complete construction of a railway section, which will link Azerbaijan to Turkey via Georgia, Ramaz Nikolaishvili, the Georgian minister for regional development and infrastructure, said on May 19.

Nikolaishvili, who was in Baku this week meeting with the Azerbaijani leadership, said, that 80% of the works on the new railway would be completed this year and Baku-Tbilisi-Kars railway would become operational in 2012.
 
Azerbaijan, Georgia and Turkey launched the railway project in 2007. The project envisages rehabilitation of existing railway section from Marabda in Shida Kartli region to Akhalkalaki, a town in Samtskhe-Javakheti region; plus construction of a new, 30-km long railway section from Akhalkalaki to Kartsakhi at the Turkish border. On the Turkish side, a new 68-km long railway section will be contracted from the town of Kars to the Georgian border. In addition a new railway station will be constructed in Akhalkalaki as part of the project. 

In 2007 Azerbaijan agreed to lend USD 200 million to Georgia to finance construction and rehabilitation of its portion of the railway.

Latest News
22 Feb.'18 14:05
Georgia in TIís 2017 Corruption Perception Index
Georgia’s score in Transparency International’s annual Corruption Perception Index has slightly worsened.
22 Feb.'18 12:40
Parliament Overrides Presidential Veto on Broadcasting Law
The amendments have triggered strong criticism from CSOs, media outlets and parliamentary opposition.
22 Feb.'18 11:04
Georgia in Amnestyís Annual Human Rights Report
The Amnesty International highlights several concerns regarding the state of human rights in Georgia.
21 Feb.'18 18:14
Crimean Tatar Mejlis Chairman Visits Georgia
Refat Chubarov met Georgian parliamentary speaker and government minister during his stay in the country.
21 Feb.'18 16:38
President Campaigns to Engage Youth in Centennial Celebrations
Georgia will mark the centennial anniversary of restoration of its statehood on May 26, 2018.
21 Feb.'18 13:26
Foreign Minister Warns Against Visa-Waiver Abuse
Over 220,000 Georgian citizens have enjoyed visa free travel to the Schengen area.
20 Feb.'18 15:19
The Weekly Tripwire - Issue 27
Civil.ge’s news digest covering developments in Abkhazia and Tskhinvali Region/South Ossetia.
19 Feb.'18 17:53
Tbilisi City Court Releases Turkish Citizen on Bail
Mustafa Emre Çabuk has been released pending final court decision on his extradition to Turkey.
19 Feb.'18 15:49
CSOs, Media Outlets Call for Parliamentary Probe into Mukhtarli Case
The joint statement has been signed by 35 local civil society organizations and media outlets.
19 Feb.'18 14:09
Georgian PM Meets World Leaders in Munich
Prime Minister Giorgi Kvirikashvili attended the Munich Security Conference on February 16-18.

About Civil Georgia
Civil.Ge © 2001-2018, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
74