Azerbaijan can allocate $1 bn preferential loan to Turkey for construction of Kars-Nakhchivan railroad

Azerbaijan can allocate $1 bn preferential loan to Turkey for construction of Kars-Nakhchivan railroad
# 07 December 2012 09:28 (UTC +04:00)

Baku. Ali Ahmadov – APA-Economics. Launching of railroad from Turkish Kars city in direction of Azerbaijan’s Nakhchivan Autonomous Republic will cost $1 bn, senior engineer of Azerbaijan Railways JSC Gurban Nazirov said, APA reports.

To him, Azerbaijan Railways has already received a task from the government connected with the preparation of the project, special commission was established in this regard: ‘Recently we visited Nakhchivan and viewed those territories from Iranian borders. Consequently, we prepared technical task and submitted to the Transport Ministry. At present, the document is under study’.

Nazirov noted that Azerbaijan communicates with Turkish railways in this issue, too, because projection of Nakhchivan-Kars railroad will be conducted by Turkish side: ‘That is why we have presented that technical task to Turkey, as well’.

According to Nazirov, about 230 km new railroad line is considered to launch from Kars city in direction of Turkey-Azerbaijan borders. Taking the importance of railway for Azerbaijan into consideration, although it’s in Turkish area, Azerbaijan can allocate $1 bn preferential loan to turkey for construction of this railroad.

Note that analogical mechanism has been applied in another important project, (Baku-Tbilisi-Kars railway) which will provide railway connection between Azerbaijan and Turkey. Within the framework of this project, Azerbaijan has allocated $775 mln preferential loan to Georgia for construction of Georgian section.

In connection with the project, it is planned to build a 10-km rail line in Nakhchivan section. This section will extend the current railway line to Sadarak. In parallel, the railway system Nakhchivan will also be reconstructed. Nazirov noted that the railway line in about 230 km long will be reconstructed in Nakhchivan, the local locomotive-car fleet will be completely renovated. The works will cost about $ 700 million.

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