GEORGIAN RAILWAY STEPS UP
27 June, 2013
GEORGIAN RAILWAY STEPS UP
June 17, 2013, the state owned Georgian Railway JSC disclosed its new development plan and the results of the first quarter.Accents fell on the great importance of the development plan of Georgian Railway (GR) as not only one of the most important industries of Georgia but also on its role and function in creating the development opportunities for the whole strategic sector of transport and logistics.
“One of the main elements and competitive priority for the economic development of the
country is its geographic location. The factor defines the possibilities to play the role in Western and Eastern transit and promote trade as an important trade and logistics centre in the region,” Giorgi Kvirikashvili, Minister of Economy and Sustainable Development of Georgia, stated.
He also paid attention to the timely implementation of the upcoming Baku-Tbilisi-Kars (BTK) railway route been under construction at the moment and expected to connect Middle East and China to Europe by direct rail connection. Kvirikashvili accentuated that works over the BRK are implemented every day. GR as the only railway operator in Georgia owns three business units and five subsidiary companies. Five passenger trains were added to GR equipped by air cushions and German braking system that guarantees comfort to passengers also 22-28% discount on tickets will be available according to the wagon classes.
Improved technical and operational indicators increased efficacy of GR. In particular, cost of energy was reduced from 11kwt to 10kwt for per ton cargo transportation and the labor of machine-operators was reduced by 9-10%. In comparison with the first quarter of 2012 the safety indicator was improved by 11% (number of rejected product reduced from 82 to 72) and incomes from the cargo transit increased by 13%. After Turkmenistan added its own locomotives into operation on Georgian rail road the income GR enjoys by lending its wagons reduced however the fact had a positive effect ultimately the wagon park capacity in increased in the corridor of GR resulted in bigger wagon turnover. 85.7km railway track and contact line of energy supply was repaired in 2012-2013 and 68 thousand timber sleepers have been replaced. As an aftermath of technical improvements GR expects the increase of turnover in 2013. Particularly, the amount of liquid cargo will be increased to 870 thousand tons and dry cargo to 200 thousand tons. There are active negotiations with Azerbaijan an indispensible part of the railway corridor connecting Caspian and Black Seas, on streamlining tariff rate on cotton, wheat, charcoal, as well as for cargo transported from Afghanistan [in frames of NATO project]. After the successful negotiations railway transit will be significantly increased, Georgian top officials believe.
The plan of Georgian Railway for 2013 envisages creation of customs terminal in Batumi port for the cargo transported by vehicle from Turkey. Moreover, vertical integration of a rope-operated ferry industry is planned across the Black Sea that is expected to enhance the turnover of the railway transit by 900 thousand tons. As to the much trumpeted project to cut down the travel time between Tbilisi and Batumi from 5 to 3 hours the idea is estimated unrealistic due to difficult mountainous passage on the route.
Print
Other Stories
Business Positive – Successful radio program from Radio Positive
Starting point of radio program Business Positive is to meet interesting people, communicate with them and deliver information that is interesting for the audience.
A factory of electric vehicles to be built in Kutaisi
Prime Minister Mamuka Bakhtadze stated that a factory of electric vehicles will be built in Kutaisi at the presentation of the Aigroup business group.
Qvevri-shaped hotel complex to be built in Telavi
A Qvevri-shaped hotel complex is scheduled to be built in the village of Shalauri in Telavi, Kakheti (east part of Georgia).
Georgian designers presented at Fashion World Tokyo 2019
The products of 11 Georgian designers are showcased at Fashion World Tokyo 2019,
Silknet raises $200 million in Eurobond issue
27 March 2019 - JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”).
Pistachio trees will be planted in Georgia
Dozens of hectares of Pistachio are planned to be planted in Georgia this year.
Toyota Safety Sense and Hybrid Technology
Toyota Caucasus, has presented two new models the 5th generation RAV4 and the 12th generation Corolla at Rustavi International Motorpark, several days ago.
Bidzina Ivanishvili “became number one oppressor of businesses in Georgia” - ICC Georgia chairman Fady Asly
Mr. Ivanishvili promised the business community to protect them from harassment and pressure, unfortunately his words died with the sunset of that day
The best brands of Belarus will be exhibited on a large-scale exposition in Tbilisi
"The Belarusians like to come to Georgia to relax near the sea in Batumi as well as to stay in sunny Kakhetia."
Don’t treat business like a hooker! - Georgian businessman Vasil Soprpmadze addresses politicians
Businessman Vasil Sopromadze, founder of the company "Fresco", addresses politicians
RAV4 No Compromise and Corolla Set to Impress – Two New Cars Presented by Toyota
Toyota Caucasus, the company constantly aspiring to greatness, has presented two new models the 5th generation RAV4 and the 12th generation Corolla.
Mamuka Khazaradze quits TBC bank, does not sell the TBC Bank share
I made a decision to leave TBC bank where I spent 27 years of my life
10 Reasons to buy an apartment in the suburbs
There is a tendency for Tbilisi dwellers to move from central parts of the capital to the suburbs.
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
The New York Times: Bitcoin declines but Georgia still bet on it
The New York Times has recently published an article about reasons, challenges and causes of generating Bitcoin in the former Soviet country Georgia.
EU to allocate € 13 billion for Eastern Partnership countries, including Georgia
The European Union together with the World Bank plans to allocate investment worth € 13 billion for infrastructure projects in the Eastern Partnership countries.
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
PHOTO OF THE DAY
GEL Exchange Rate
Convertor
20.04.2019
21.04.2019
USD
1
USD
2.6935
2.6935
EUR
1
EUR
3.0291
3.0291
GBP
1
GBP
3.5021
3.5021
RUB
100
RUB
4.2126
4.2126
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.6935
EUR
1
EUR
3.0291
GBP
1
GBP
3.5021
RUB
100
RUB
4.2126
April 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30