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Musa Panahov: Construction work on Baku-Tbilisi-Kars railway is on schedule

08 October 2008 16:37 (UTC +04:00)

Baku. Rashad Suleymanov - APA-Economics. The construction of the Baku-Tbilisi-Kars Railway has continued to progress on schedule, said Azerbaijanâ€™s Deputy Minister of Transport Musa Panahov.
According to him, construction works are on schedule in both Georgian and Turkish section of the project.
He said 160km railroad will be rehabilitated in Georgia.
The three countries agreed in February 2007 to build a rail line linking the Azerbaijani capital Baku, the Georgian capital Tbilisi and the Turkish city of Kars. Construction work commenced on November 21, 2007.
As per the agreement, Azerbaijan undertook to extend a $200mln loan to Georgiaâ€™s Marabda-Kartsakhi Railroad LLC for 25 years at 1% interest rate annually. The loan will be spent on construction of a 29km long railroad in Georgia, a ST-2 wheel base in Turkish-Georgian border and rehabilitation of old railway.
The project costs more than $600 million. Construction of railroads is slated for operation in late 2011.
A 76km long railway will be laid in Turkey as part of Baku-Tbilisi-Kars Rail Link.