16.08.2007
The project of mainline railroad «Baku – Tbilisi - Kars» (BTK)
International bank of Azerbaijan transfer to an account of «Marabda – Kartzhahi Railway» LTD- the operator of Georgian sector of railway corridor Baku – Tbilisi – Kars- the first tranche amounting 40 million dollars from the credit given by Azerbaijan to Georgia. By these means in Georgia from Akhalkalaki until Turkey border will be constructed railway with 29 kilometres length and also wheelset change points at the border. For construction and reconstruction of Georgian sector of railway Azerbaijan allocated a lax credit to Georgia amounting 220 million dollars for 25 years and at 6 % interest per annum.
Baku – Tbilisi – Kars road the construction of which is planned to finish in the late 2008 is expected to function profitably from 2009. According to Ministry of Transportation in the first year by the railway there will be transported 3 millions of tons and in the next three years -5 millions of tons. 15 million tons of cargo is supposed to be transported annually through this road in 2015.
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