  Baku and Ankara to Credit Georgia for Implementing Kars-Akhalkalaki-Baku Rail ProjectOctober 26, 2006 - 17:43 AMT PanARMENIAN.Net - Azerbaijan and Turkey plan to allocate $200 million to Georgia as a long-term credit for implementation of Baku-Tbilisi-Akhalkalaki-Kars railway project and restoration of Marabda-Akhalkalaki link. Georgia will pay off the debt at the expense of the income from operating of the railway within 10-12 years. The laying of the railway will cost some $422 million. Options for financing the project are being calculated at present. Ministers of Transport of Azerbaijan, Georgia and Turkey will discuss the final version in the near future, reports APA.  Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".   Partner news |  Related sections Latest news Putin congratulates Pashinyan’s birthday  Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1.Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri.Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament.Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |
