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Presidents of Azerbaijan, Georgia and Turkey Sign Agreement on Construction of Baku-Tbilisi-Ceyhan-Kars Railway

Business Materials 21 November 2007 16:59 (UTC +04:00)

Georgia, Tbilisi / corr Trend N.Kirtzkhaklia / The Presidents of Georgia, Azerbaijan and Turkey signed an agreement on the commencement of the construction of the Baku-Tbilisi-Kars railway, which unites the transport systems of Georgia, Azerbaijan and Turkey, in Marabda ( South Georgia) on 21 November.

Azerbaijan will allocate a $200mln loan to the Georgian Government over 25 years with a 1% interest rate for the construction of the 29km section of the route and renovation of the Marabda-Akhalkalaki railway sections

Azerbaijan, Georgia and Turkey signed the final document on the construction of the Baku-Tbilisi-Kars in Baku in February.

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