Amount of investments in Baku-Tbilisi-Kars railway project made public

Baku: In 2014, State Oil Fund of Azerbaijan invested $72.7 mln or AZN 57.1 mln in financing Baku-Tbilisi-Kars railway project, this was reflected in the report of the Cabinet of Ministers on its activity in 2014.

The report says SOFAZ expenditures have been fulfilled by 43.1%.

In 2007-2014, SOFAZ allocated AZN 424.2 mln or $536.6 mln to this project.

SOURCE: Azeri Press News Agency