News Column

China,Georgia,Turkey : SILK ROAD countries promote railway investment

June 28, 2014

The Central European railway giants are to explore new opportunities in railway construction, and discussed the Euro-Asia railroad project at Railworld Summit.

There are still challenges facing the railway infrastructure of the Silk Road countries, progress couldn't be underestimated.

Apart from infrastructure problems, countries along the trade route need to deal with administrative and bureaucratic barriers, especially their customs regulations.

The potential of the modern Silk Road s market share is worth US $75 million.

One of the key project that will constitute an important part of the transcontinental railway is Baku-Tibilisi-Kars project.

The project will be finished in 2015, will be used to transport passengers as well as goods.

Georgia is working with a Chinese construction firm to modernize the country's existing railway. The project is expected to be finished by the middle of 2018.

The capacity of the railway is 27.2 millions tonnes.

China can now present the Eastern European countries, as well as Turkey, good chances of promoting their railway development by offering both high-speed train technology and financial support.

China National Machinery Import and Export corporation has been conducting high speed railway project with Turkey.

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Source: TendersInfo (India)

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