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BAKU: 4 Caucasus Countries' Railway Cos to Establish a Joint Venture

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  • BAKU: 4 Caucasus Countries' Railway Cos to Establish a Joint Venture

    Baku Today
    Nov. 5, 2004

    Four Caucasus Countries' Railway Companies to Establish a Joint Venture


    Russian Transport Minister Igor Levitin said on Wednesday that Russia,
    Georgia, Armenia and Azerbaijan are going to establish a joint venture
    to restore Transcaucasian railway network.

    He said the decision has been taken during the negotiations between
    leaders of three republics of the region.
    "Three countries' presidents confirmed they are ready to consider the
    scheme of creation of operator company proposed by the transport
    ministries," said Levitin. "We understand that signing of the agreement
    between four countries is a difficult matter from political viewpoint
    and we offered to create the operator company, which will manage the
    traffic."

    Azerbaijan state railway refused to give any comments on the
    above-mentioned statement made by Russian Minister.
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