Georgia Adopted Agreement on Construction of Kars-Akhalkalaki-Tbilisi-Baku Railway Route
On 17 January, the Government of Georgia, during its meeting, has adopted an agreement on the construction of the Kars-Akhalkalaki-Tbilisi-Baku railway route, Trend Correspondent in Georgia reports. The Georgian Prime Minister, Zurab Nogaideli, stated the talks on the development of a feasibility study will be resumed between Turkey, Georgia and Azerbaijan on 18 January.
Nogaideli announced that the talks will most likely be held in Azerbaijan. The final draft agreement will be signed shortly. The Prime Minister described the Georgian-Azerbaijani talks over Kars-Akhalkalaki route as successful.
This year we will set up the implementation of this project and should work in this direction as precisely as possible, he stressed. Azerbaijan has confirmed its readiness to finance its $200mln stake in the project and allot funds for the construction work in Georgia.
During the meeting on 13 October 2006 in Baku, the trilateral working group on the Kars-Akhalkalaki-Tablisi-Baku project considered the project on the framework agreement, obligations of the Georgian side on leading to the section of the construction of the railway and the credit agreement between Azerbaijan, Turkey and Georgia. The project is estimated at $422 mln, but taking into consideration the additional infrastructure, $600mln.