Azerbaijan and Georgia signed a loan agreement under which Georgia will receive another loan as part of the Baku-Tbilisi-Kars Railway Project.
The document was signed by Azerbaijan's Transport Minister Ziya Mammadov and Director of Georgia's Marabda-Kartsahi Railway Company Bidzina Bregadze.
The total sum of loan makes $ 575 mln.
The loan is granted with annual 5% for 25 years. The money will be transferred to Marabda-Kartsakhi Railways Company.
The funds will be spent to restoration of a highway from Tbilisi to Akhalkalak. Azerbaijan has already granted $200 mln within the project and Baku-Tbilisi-Kars Railway line is expected to launch at the end of next year.
The final document among Azerbaijan, Georgia and Turkey on BTK construction was signed on February 8, 2007. Construction work started on November 21, 2007.
Construction of a Georgian part of the railway is conducted by Azerinsaatservis. The 76 km-new railway line will stretch from the Georgian border to Kars in Turkey.

AzerTAc