(MENAFN - Trend News Agency) Baku, Azerbaijan, Jan. 21
By Sara Israfilbayova - Trend:
The Czech Republic is interested in cargo transportation via the Baku-Tbilisi-Kars (BTK) railway, Marta Novakova, the Czech Minister of Industry and Trade, told Trend.
Moreover, she emphasized that the Czech company Moravia Steel a.s. currently keeps to modernize the BTK railway.
Novakova noted that new projects on modernization of transport infrastructure, such as reconstruction of road and railway networks in Azerbaijan represent great opportunities for the Czech entrepreneurs.
The official opening of the BTK railway was held in Baku Oct. 30 last year. BTK was constructed on the basis a Georgian-Azerbaijani-Turkish intergovernmental agreement.
The railway's peak capacity will be 17 million tons of cargo per year. At an initial stage, this figure will be one million passengers and 6.5 million tons of cargo.
According to the State Customs Committee of Azerbaijan, trade turnover with the Czech Republic in January-December 2018 amounted to $1.04 billion.
As compared to the same period of the last year, trade turnover with the Czech Republic increased by 36.5 percent, while the exports of Azerbaijani products increased by almost two times.
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