Bank Of Baku

British Company to control Georgian railways for 89 years

British Company to control Georgian railways for 89 years
# 17 August 2007 10:13 (UTC +04:00)
Arveladze said at least $1 billon would be invested in the project in the first decade, the bulk in the next three to four years.
The investor undertakes not to change tariffs by 2009 and to agree with the government on tariffs for next five year.
“We are successful in limitation of the state presence in the economy. The matter is the amount of investment, it is on the order of $ 1 billion, it is not a small sum. We have chosen the best offer, I think,” he added. /APA/
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THE OPERATION IS BEING PERFORMED