Azerbaijan Lends Georgia $575M

BAKU, Azerbaijan — Azerbaijan has agreed to lend Georgia $575 million for the construction of a railway link that will create a new corridor to transport goods between Europe and Asia. The Kars-Tbilisi-Baku railway between Turkey, Georgia and Azerbaijan has an initial annual capacity of 6.5 million tons and is due for completion in 2013. It comes after the construction of oil and gas pipelines that have turned the three countries into a strategic […]