View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
November 10, 2011

Georgia to go ahead with Tbilisi Railway project without EBRD fund

Georgian Railway is planning to finance the construction on the Tbilisi Railway Bypass project from its own resources and without funds from the European Bank for Reconstruction and Development (EBRD).

Georgian Railway is planning to finance the construction on the Tbilisi Railway Bypass project from its own resources and without funds from the European Bank for Reconstruction and Development (EBRD).

In 2010, EBRD had agreed to provide a €100m loan to fund the project.

Georgian Rail said the available revenue structure of Georgian Railway doesn’t require any additional credits, and there was no necessity in using the EBRD credit.

The project involves 27km of double track electrified railway line bypassing Tbilisi, which will branch off from the present main line at Zahesi and join the existing Kakheti railway line near Lilo.

The project will help in reduction of traffic in the Georgian capital.

 

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology