“The first and second phases of railway’s construction have already been completed, and at the moment works are being carried out as part of the third phase. The construction of a 4.3 km long tunnel between Georgia and Turkey is also continuing,” Askerov said.
He went on to add that the works on the Turkish section of the railway have been completed at a distance of 2.2 km, and excavation works are being conducted on railway’s Georgian section at a distance of 200 meters.
The railway will be commissioned in 2014, Askerov said.
Azerbaijan has allocated a $775 million preferential loan to Georgia for the construction and reconstruction of the Georgian section of the Baku-Tbilisi-Kars railway.
Tranche A, worth $200 million, has been allocated for 25 years at one per cent rate annually (has been covering works on project since 2007), and tranche B, worth $575 million has been allocated for 25 years at five per cent rate annually.
The need in allocation of tranche B was due to the increase in prices of construction and raw materials, revaluation of Marabda-Kartsakhi branch railway’s current condition, conducting works in unfavourable weather conditions and others.
It is expected that annually 30 million tons of cargos will be transported via the Baku-Tbilisi-Kars railway, which will have a direct access to the European railway network.
Baku-Tbilisi-Kars railway will increase the flow of containerized, bulked and other types of cargos from Asia to Europe. The realization of the Marmaris project on construction of a tunnel under Bosporus strait will be completed by this time. This will allow establishing a railway communication with Europe.
- Azerbaijan repairs almost 90 per cent of the railway to the west (en.trend.az)
- Azerbaijan renovates trains (en.trend.az)
- Azerbaijan Opposition Rallies Against Election Results (rferl.org)
- U.S. Delegation’s Azeri Visit Canceled At Baku’s Request (rferl.org)
- Airports in Azerbaijani regions will contribute to accelerate their development (en.trend.az)
- In his third term, will Azerbaijan’s president mature alongside the opposition? (foreignpolicyjournal.com)