BTK railway project to improve economic climate in region, expert says
Baku, Azerbaijan, Feb. 23
By Anakhanum Khidayatova - Trend:
The implementation of the Baku-Tbilisi-Kars (BTK) railway construction project will improve economic climate in the region, Alexander Murinson, a senior fellow at the Begin-Sadat Center for Strategic Studies and Bar Ilan University, told Trend.
He said that this project is a guarantor of economic stability, adding that the BTK railroad provides a transportation link not only for Azerbaijan and Turkey but the countries of Central Asia and China.
The expert said that the BTK railroad will open the European market for member countries.
Baku-Tbilisi-Kars railway is being constructed on the basis of a Georgian-Azerbaijani-Turkish intergovernmental agreement. It is expected to be commissioned in the second half of 2016. The peak capacity of the corridor will be 17 million tons of cargo per year. At the initial stage, this figure will be one million passengers and 6.5 million tons of cargo.