WORKING GROUPS OF AZERBAIJAN, GEORGIA, TURKEY ON KARS-AKHALKALAKI-TBILISI-BAKU ROUTE MEET IN ISTANBUL
A meeting of the working groups of Azerbaijan, Georgia, and Turkey on the Kars-Akhalkalaki-Tbilisi-Baku railway route started in Istanbul on Monday. Nadir Azmammadov, the spokesman for the ASRD, told Trend the meeting of Transport Ministers of the three countries had been scheduled for 20-21 September.
Ziya Mammadov, the Azerbaijani Transport Minister, and Arif Asgarov, the chairman of the Azerbaijan State Railway Department (ASRD) are in Turkey in this connection, the working groups will coordinate the list of issues to be discussed by the Ministers.
Azmammadov said that the working groups of the three countries were involved in the development of final variant of documents on the establishment of a consortium on project management, which will be signed at the meeting of the Transport Ministers.
The agenda of the gathering includes the issues on project- research work, feasibility study and marketing researches, project financing and attraction of funds from the interested in the railway route and investors from other countries, establishment of a JV (JSC, or consortium) on the construction and further joint exploitation of a new railway line, on confirmation of legal organization form of a JV and initial amount of the statutory capital, size and form of a contribution by every country, coordination of a method of registration and location of the headquarter of the JV.
The length of the route is 98km, including 68km running via Turkey and 30km via Georgia. As initial calculations, $400m is required for the construction of the Kars-Akhalkalaki-Tbilisi-Baku route, including $250m needed for the construction of the railway section from Kars to Akhalkalaki and $150m вЂ" from Ahkalkalaki to Tbilisi.