A meeting of the Transport Ministers of Azerbaijan, Georgia and Turkey is taking place in Tbilisi on 12 January 2007. The Ministers will discuss the implementation of the Kars-Akhalkalaki-Baku railway route project.
Trend correspondent in Georgia has been informed by the Georgian Minister of Economic Development that the Ministers have already met up and the meeting will be held privately. A statement on the result of the meeting for the media will be made on 13 January 2007.
As a result of the meeting, the parties may sign a document on the implementation of the project, including a credit agreement on the approval of funds for Georgia by Azerbaijan and Georgia.
During the meeting held in Baku on 13 October, 2006, the trilateral working group on Kars-Akhalkalaki-Baku considered the draft frame agreements as well as Georgia's commitments on the construction of a railway route and a credit agreement between Azerbaijan, Turkey and Georgia.
The project is estimated to $422mln, but with the infrastructure of $600mln. The U.S. Administration banned the U.S. companies to finance the projects
The trilateral Azerbaijani-Georgian Declaration on Kars-Akhalkalaki-Baku railway route was signed in Baku in May 2005 by the Presidents of Azerbaijan, Georgia and Turkey.