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Georgia Received More than the $ 600 million for Construction of BTC Railway

Georgia Received More than the $ 600 million for Construction of BTC Railway

Azerbaijan state fund SOFAZ has allocated 611,5 million USD for construction of The Baku–Tbilisi–Ceyhan (BTC) Railway.

The news which includes data of July 1 is disseminated by SOFAZ. The announcement notes, that 23,2 million USD is allocated for implementation of the project in Q1, 2016.

It should be noted, that Azerbaijan has approved credit of 775 million to Georgia in 2007 for construction of the railway. The sum will be gradually delivered to company “Marabda-Kartskhi”. However, the company has been established for projecting, reconstruction and exploitation of the railway.

Rehabilitation-reconstruction of  Marabda-Akhalkalaki Railway and construction of new railway will be made from Akhalkalki to Turkey boarder within the project frame.

Construction on Georgian section is actually finished, while Turkey section is being completed. The sides hope that the railway should be put under the exploitation until the end of the year.