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Article: Investment in Kars-Baku railroad construction to total $365-$420 mln.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- April 21, 2006
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Investment in Kars-Baku railroad construction to total $365-$420 mln
BAKU. April 21 (Interfax) - Investment in the construction of a railroad between Kars-Akhalkalaki-Tbilisi-Baku, which would connect Turkey, Georgia and Azerbaijan, is estimated at $365-$420 million.
"The Turkish company Yuksel Domonik has presented two options for a feasibility study. The cost of the project would be $365 million based on the first option and $420 million rubles based on the second. The disparity in the cost is due to the volume of work needed to ...