Regional Railways in the Central Caucasus and Georgia’s Economic Interests
The Caucasus & Globalization, Vol. 8, Iss. 1-2, 2014
10 Pages Posted: 10 Oct 2014
Date Written: October 8, 2014
The article examines two regional railway projects, one of which — Kars-Akhalkalaki-Tbilisi-Baku (KATB) — is already reaching completion and the second — restoration of the Abkhazian Section of the Trans-Caucasian Railway (ASTCR) — is still being discussed at the political level. The article also looks at such important aspects of both projects as construction or restoration cost, financial and freight turnover, profitability, direct and indirect economic benefits, and social effects. It also gives recommendations for improving these regional railway transportation projects.
Keywords: railway, regional cooperation, the Central Caucasus, investments, transport corridors
JEL Classification: R19, R41, R58
Suggested Citation: Suggested Citation