He added that the State Oil Fund of Azerbaijan (SOFAZ) has already allocated the first installment of $50 million out of the planned $200 million for construction activities. He noted that in a week Georgia will choose the tender competition winner that will construction railroad in its territory.
The cornerstone laying ceremony of the railroad at Turkey-Georgia border is due to be held in the first ten-day of October.
“By this year-end the contract winner company will be engaged in land preparation activities. Laying rails and sleepers are planned for march-April, 2008,†he added.
The final intergovernmental agreement on construction of Baku-Tbilisi- Kars railway link was inked in February this year.
As per the agreement, Azerbaijan extended a $200mln loan to Georgia’s Marabda-Karsi 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 station in Turkish-Georgian border and rehabilitation of old railway. /APA-Economics/
The cornerstone-laying ceremony of Baku-Tbilisi-Kars Railway to be held in October
12 September 2007 09:24 (UTC +04:00)
İDMAN XƏBƏR
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
Politics
NEWS FEED
5.1-magnitude quake hits Solomon Islands - GFZ
01:32
12 November 2026
Zelenskyy: Agreement with Russia possible by end of year
01:04
12 November 2026
Zelenskyy explains why Ukraine and Russia failed to reach ceasefire agreement
00:55
12 November 2026
Mass protest held in Madrid
00:39
12 November 2026
Post shared on Azerbaijani President's social media accounts on occasion of Constitution Day
00:25
12 November 2026
Azerbaijan celebrates Constitution Day
00:00
12 November 2026
Zelenskyy: Russian representatives rejected our ceasefire proposal
23:46
11 November 2026
Fatal road accident claims seven lives in Russia's Mari El Republic
23:44
11 November 2026
Trump on Iran: I hope we won't have to destroy this country again
23:43
11 November 2026
Yemen's Houthis say they struck Saudi oil pumping station with drone
23:40
11 November 2026
Former Hungarian Prime Minister's brother arrested
23:12
11 November 2026
Iran accuses US of obstructing food and medicine supplies
22:43
11 November 2026
Russian drone strikes hit industrial facilities in Ukraine's Kyiv region, killing one
22:24
11 November 2026
Armenian President signs bill on TRIPP project
22:02
11 November 2026
Georgian PM: Transport corridors in South Caucasus are of great importance to EU
22:00
11 November 2026
Azerbaijani Ambassador Anar Ajamov officially begins diplomatic mission in the Netherlands
21:48
11 November 2026
Saudi Arabia destroys two Houthi drones
21:23
11 November 2026
Iran says US must meet seven conditions before Hormuz reopening and talks
21:13
11 November 2026
Leyla Aliyeva attends “Global Zero Waste Alliance - High-Level Meeting of Spouses of Heads of State and Government”
20:57
11 November 2026
Two killed, five injured in road accident in Pakistan's Punjab
20:53
11 November 2026
Russia's Ambassador to Washington dies at age 66
20:30
11 November 2026
State Committee: Developments at Blue Mosque in Yerevan are disrespectful to universal values
20:17
11 November 2026
Azerbaijan's growing geopolitical weight: Why are European leaders particularly interested in President Ilham Aliyev's position? - ANALYSIS
20:14
11 November 2026
General strike takes place in Spain
19:49
11 November 2026
Leyla Aliyeva visits Azerbaijan pavilion at COP31
19:39
11 November 2026
Georgian President reaffirms commitment to regional peace
19:36
11 November 2026
CMO: Holding event incompatible with Muslim religious ceremonies at historic Blue Mosque in Yerevan is vandalism
19:06
11 November 2026
CSTO Secretary General: Armenia's expulsion from organization not discussed at Moscow summit
18:56
11 November 2026
Kremlin aide: Putin to meet Trump's envoys in first half of day on November 12
18:50
11 November 2026
Kamaladdin Heydarov visits Polish Embassy, offers condolences over Kraków tragedy
18:48
11 November 2026
Several fires detected at Ust-Luga port after drone attack: "Novatek" facility ablaze
18:42
11 November 2026
Uzbek-language edition of book dedicated to Western Azerbaijan presented in Uzbekistan - VIDEO
18:39
11 November 2026
Armenia deprived of voting rights in CSTO - PHOTO
18:30
11 November 2026
Putin's aide: Russia and Ukraine have moved closer to peace in Abu Dhabi talks
18:18
11 November 2026
G7 to increase supplies of air defense systems and long-range weapons to Ukraine
18:07
11 November 2026
President Ilham Aliyev concludes his visit to Türkiye
18:03
11 November 2026
President Ilham Aliyev’s social media accounts shared video on COP31 Leaders’ Summit - VIDEO
17:59
11 November 2026
Armenian PM meets with Turkish and Iranian presidents in Antalya
17:51
11 November 2026
OPEC releases figures on Azerbaijan's daily oil production
17:43
11 November 2026
President Ilham Aliyev and First Lady Mehriban Aliyeva attended COP31 Leaders’ Summit - UPDATED-3
17:26
11 November 2026
Gunmen kill 11 policemen in northwestern Pakistan
17:10
11 November 2026
Belarusian citizen accused of graffiti on Nizami Cinema Center walls to stand trial
17:02
11 November 2026
Tractor hits mine in Azerbaijan's Girmizibazar village, one injured - UPDATED
16:57
11 November 2026
EBRD to invest $6 billion in Türkiye's energy projects under COP31
16:54
11 November 2026
"Deadly Legacy" documentary commissioned by Karabakh Revival Fund screened at COP31 - PHOTO
16:52
11 November 2026
Moscow hosts CSTO Collective Security Council meeting
16:36
11 November 2026
Igor Kostyukov accuses Europeans of interfering in Russia-Ukraine-US trilateral talks
16:26
11 November 2026
Heydar Aliyev Foundation and Zero Waste Foundation open joint pavilion at COP31 - PHOTO
16:17
11 November 2026
Kremlin confirms Witkoff and Kushner will visit Moscow
16:11
11 November 2026
Kremlin spokesperson: CSTO will respond to Armenia's inactivity in organization
16:07
11 November 2026
