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Baku to help Georgia with railroad construction

2011-02-03 15:01

13062.jpegAccording to Deputy Minister of Transport of Azerbaijan Musa Panakhov, the Georgian party will get extra credit in the context of the Baku-Tbilisi railroad construction project.

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Before that, Azerbaijan already helped Georgia with money. A 200 million dollar credit was allocated for Tbilisi's project implementation for 25 years at a reduced rate of one percent.

According to Panakhov, the new loan won't be cheap. "This amount will be allocated on standard conditions, I mean, on the international credit conditions, the annual loan rate being four-five or even six percent".

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