Turkey’s Binali Yildirim: Turkish segment of Baku-Tbilisi-Kars is on the way for completion in 2011

Turkey’s Binali Yildirim: Turkish segment of Baku-Tbilisi-Kars is on the way for completion in 2011
# 04 December 2008 10:41 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Construction of the 76km long section of the Baku-Tbilisi-Kars (BTK) railway project in Turkey is scheduled for completion in 2011, Turkey’s Transport Minister Binali Yildirim told APA-Economics.
He added that construction of a railroad from Turkey’s Kars to Georgian border has continued to progress on schedule.
According to him, land work in 6km part of 26km Georgian section has been completed.
“There is no problem obstructing construction work. Baku-Tbilisi-Kars rail link will be complete approximately simultaneously with Marmaray undersea rail tunnel being constructed to link Europe and Asia,” he added.
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 Georgia’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.
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THE OPERATION IS BEING PERFORMED