Georgian Railways no longer accepting tender bids
The Georgian Railways is no longer accepting bids on an international tender to purchase rails. The tender called for buying 43,160 rail units worth 46.6 million Swiss francs.
The deadline on submitting bids was this morning.
Applicants submitted a bank or insurance guarantee amounting to five percent of the proposed lot's total cost.
Georgian Railways is developing two major investment projects - the construction of a railway bypassing Tbilisi and the modernization of Georgia's railway infrastructure.
The activities are estimated at $550 million.
The operational length of Georgia's railways is 1,324 kilometers. The system includes 45 tunnels, 1,714 bridges, and ferry crossings with Russia and Ukraine