The ceremony on departure of first train from New Baku International Sea Port will be attended by Azerbaijani President Ilham Aliyev, Turkish President Recep Tayyip Erdogan, Georgian Prime Minister Giorgi Kvirikashvili and Kazakh President Nursultan Nazarbayev, AzVision reports.
During a meeting in Tbilisi on February 7, 2007, the President of the Republic of Azerbaijan Ilham Aliyev, the President of Georgia Mikhail Saakashvili and the Prime-Minister of the Republic of Turkey Rejep Tayyib Erdogan signed several projects, including; Trilateral Agreement “On Baku-Tbilisi-Kars New Railway”, bilateral Agreement between the Government of the Republic of Azerbaijan and the Government of Georgia, as well as the Ministry of Transport of the Republic of Azerbaijan and “Marabda Kartsakhi Railway” LLC, on financing, design, rehabilitation-renovation and terms and principles for maintenance of Marabda-border of the Republic of Turkey (Kartsakhi) Railway Section within the new Baku-Tbilisi-Kars Railway implementation project, and Agreement on Credit Financing Terms of “Marabda-Border of the Republic of Turkey” Railway Section (hereinafter referred to as the “Credit Contract”) within the framework of a New Railway line “Baku-Tbilisi-Kars” project.
Implementation of an international project across the Baku-Tbilisi-Kars railway line and the construction of a railway line tunnel in Bosporus, along with connecting Trans-Europe and Trans-Asia railway networks and carrying freight and passengers directly through Azerbaijan, Georgia and Turkey territories will not only boost the transit potential of the regional countries, but also accelerate the processes of integration in Europe, develop the cooperation within the framework of European Neighborhood policy, intensify the state independence and national liberation of Azerbaijan, and expand the foreign economic relations of our country.
Execution of this project has a noteworthy significance from the economic efficiency, speed, time, security and reliability standpoint.
Attracting European and Asian freights to this railway line will increase the volume of intermodal and container transportation in both sides.