Baku-Tbilisi-Kars railway project claims more fundsFebruary 3, 2011 - 09:26 AMT PanARMENIAN.Net - The cost of Baku-Tbilisi-Kars railway project increased due to the global economic developments. According to Azerbaijani Transport Minister Musa Panahov, the volume of cargo to be transported via the railway will also be increased. To implement the project, Azerbaijan issued a $200-million loan with 1% interest for 25 year term. Baku will also allocate additional funds, when the final calculations are done. “The annual interest rate for the new loan will be around 4-6%,” Panahov said, the Azeri-Press Agency reported. Top stories 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". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |