Azerbaijan Railways (ADY) and Georgian rail freight operator Marabda-Kartsakhi Railway created a new joint venture in the context of the Baku-Tbilisi-Kars (BTK) railway. “The joint…
Category: Georgia
Middle Corridor countries discussing 50% tariff discount
The Middle Corridor is too expensive as a competitive alternative to other transport corridors that connect Europe and China. In an effort to boost the route’s attractiveness, involved countries are now discussing a fifty per cent discount on tariffs along the route. Five countries that are part of the Middle Corridor are currently taking part…
Baku-Tbilisi-Kars railway is officially open again after year-long closure
The Baku-Tbilisi-Kars railway was subject to significant upgrades targeting its capacity for roughly a year. With most work concluded in early March, the railway was expected to restart operations in late May 2024. The expectations turned into reality, and as a result, the BTK line saw its first freight train running after a long time.…
Baku-Tbilisi-Kars railway to open for traffic in two weeks
Freight trains will start running along the newly renovated Baku-Tbilisi-Kars (BTK) railway on 20 May 2024. The plan is to turn the line into the main artery of the Middle Corridor and further boost Eurasian rail freight transport, according to Roshvan Rustamov, Chairman of Azerbaijan Railways (ADY). Rustamov mentioned that the works on the Georgian…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
Baku-Tbilisi-Kars railway opens in April after major refurbishment
The Baku-Tbilisi-Kars railway line (BTK), spanning the territories of Azerbaijan, Georgia and Turkey, has been undergoing a major ‘facelift’ since last year. The goal is for the line to regain its past prestige and become a key route extending the Middle Corridor’s rail leg through Turkey to Europe. “We will commence cargo operations soon,” commented […]