SOFAZ Had Committed More Capital to BTK Railway Project

Posted on 08/26/2017


On July 1, 2017, the State Oil Fund of Azerbaijan (SOFAZ) committed US$ 631.79 million toward financing the building of the Baku-Tbilisi-Kars railway (BTK) project. SOFAZ had transferred the funds through the International Bank of Azerbaijan (IBA) to the Marabda-Kartsakhi Railway LLC. Essentially the BTK railway plans to link Azerbaijan, Georgian and Turkish railways, being […]