Baku is hosting on 13 October talks on the implementation of the Kars-Akhalkalaki-Tbilisi-Baku project with the participation of the Azerbaijani Transport Minister, Ziya Mammadov, Georgian Minister for Economic Development, Irakliy Chogovadze, an official of the Turkish Transport Ministry and head of the company Yuksek, a project designer, Yuksek Domonich, Trend reports.
During the talks it is planned to discuss 3 issues, including the frame agreement of the project, Georgia's obligations on the allocation of a land, and draft credit agreement.
Azerbaijan, Georgia and Turkey adopted the initial cost of the Kars-Akhalkalaki-Tbilisi-Baku project in the amount of $422m. The project includes the construction of the 98km-long Kars-Akhalkalaki railway section, including 68km Turkish section and 30km-long Georgian section. Definite reconstruction work should be carried out in the Akhalkalaki-Tbilisi section. The implementation of the project will begin in the first quarter of 2007.
