Bank Of Baku

44 million citizens to be employed at Baku-Tbilisi-Kars railway construction

44 million citizens to be employed at Baku-Tbilisi-Kars railway construction
# 04 August 2011 19:44 (UTC +04:00)
Tbilisi. Nizami Mammadzadeh-APA. Georgian minister of Regional Development and Infrastructure, Ramaz Nikioshvili highlighted his ideas on favorite projects in Georgia. According to Georgian minister of Regional Development and Infrastructure, along with other projects, construction of Baku-Tbilisi-Kars railway is very important, Georgian bureau of APA reports. The minister noted that 812 million lari allocated to the project from 2009. “For the moment 23.9 thousand citizens are employed at the project. Last year investment for the project was increased up to 912 million lari, 31 thousand people were provided with new jobs. Till the end of the year our ministry is expected to take 44.4 thousand citizens to new jobs and volume of the investment will be 1.386 bilion lari and total employed citizens will be 62.5 thousand”, said Nikioshvili.

According to the minister, 3 thousand km railway of 7 thousand was reconstructed in Georgia.

Under Baku-Tbilisi-Kars project, 25 km of railway will be constructed and 160 km will be repaired in Georgia.

Final document on Baku-Tbilsi-Kars project between Georgia and Azerbaijan was signed on February 8, 2007 in Tbilisi. Railway construction was launched on November 21, 2007. Azerbaijan granted 200 million US dollars credit with concession to Georgian “Marabda-Karrsaxi Railways” ltd. The Means will be used for the construction of 29 km of railway and wheels changing facility near Turkish border as well as old lines will be reconstructed. General amount of the project is more than 600 million dollars. Baku-Tbilisi-Kars railway is constructed with financial support of Azerbaijan Oil Foundation.
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