Namik Aliyev, the Azerbaijani Ambassador to Georgia, exclusively informed Trend that the Azerbaijani Transport Minister, Ziya Mammadov, will participate in a meeting with the Transport Ministers of Turkey and Georgia in Tbilisi on 12 January.
The Ministers plans to discuss the implementation of the Kars-Akhalkalaki-Baku railway route project.
As a result of the meeting, all parties will sign a document on the implementation of the project, including a credit agreement on the approval of funds for Georgia by Azerbaijan and Georgia.
During the meeting held in Baku on 13 October 2006, the trilateral working group on Kars-Akhalkalaki-Baku mulled over the draft frame agreements as well as Georgia's commitments on the allocation of a section on the construction of a railway route and a credit agreement between Azerbaijan, Turkey and Georgia. The project is estimated to be $422 mln, but with an infrastructure of $600mln.
The U.S. Administration banned the US companies to finance the projects. The trilateral Azerbaijani-Georgian Declaration on Kars-Akhalkalaki-Tbilisi-Baku railway route was signed in Baku in May 2005 by the Presidents of Azerbaijan, Georgia and Turkey.