Georgian Railway Aims for Significant Increase in Freight Turnover to 48 Million Tons

Economics 1676352720    8


The Georgian Prime Minister Irakli Garibashvili held a meeting with the Vice Prime Minister, Minister of Economy and Sustainable Development Levan Davitashvili, Deputy Minister Guram Guramishvili, and the CEO of Georgian Railway JSC, David Peradze.

The meeting discussed the remarkable performance of Georgian Railway in 2022, with a record profit of GEL 283 million and a 22% annual growth in throughput.

The participants also talked about the future development plans for the railroad, including the modernization of the infrastructure and fleet of railcars, as well as the implementation of the first phase of the Baku-Tbilisi-Kars project, which is expected to be completed in 2024.

"Georgian Railway had progress in terms of modernization. Now, the Railway is capable of carrying 27 million tonnes of freight per year, while the figure would reach 48 million after the completion of its modernisation project by the end of 2024", it was noted at the meeting.

Additionally, the meeting covered the draft Law of Georgia on Amending the Georgia Railway Code, which aims to reform the rail transportation sector and align it with EU legislation. The law would clarify the state's role in the rail transportation sector, including the implementation of state policy, monitoring, and enforcing safety regulations. The reform and restructuring of the 150-year-old Georgian Railway company are expected to increase its competitiveness and provide better opportunities for business interests and safety management.

Terms of use of the material
Other news
სალომე ზურაბიშვილი
Salome Zurabishvili on Saakashvili: I think he should be treated well - there are electronic tagging and other forms

According to Salome Zurabishvili, the President of Georgia, "pardoning or not pardoning" former President of Georgia Mikheil Saakashvili is not an issue that will change the damage done to the country...

Politics 1685946043

გიორგი სააკაშვილი
Giorgi Saakashvili: We all agree that Mikheil Saakashvili is Putin's personal prisoner, I hope that the day will come when we see Misha free

We all agree that Mikheil Saakashvili is Putin's personal prisoner, Giorgi Saakashvili, the brother of the third president, Mikheil Saakashvili, told InterPressNews near the VivaMedi clinic, where a r...

Politics 1685945995

Giga Bokeria: One vassal of the Russian government visited another vassal, it is alarming, but not surprising

One vassal of the Russian government visited another vassal, it is alarming, but not surprising, this is how the chairman of European Georgia Giga Bokeria evaluates the information spread in the media...

Politics 1685945964

Restaurant owner arrested in Batumi for abusing employee

The Ministry of Internal Affairs arrested the owner of the Retro restaurant in Batumi for abusing an employee. As the Ministry of Internal Affairs told InterPressNews, the person was arrested on charg...

Justice 1685945931

Impending Announcement for the Acquisition of New Carriages for the Tbilisi Metro

Tbilisi Mayor Kakha Kaladze has stated that the previously declared tender for the acquisition of carriages for the Tbilisi Metro, financed by the European Bank for Reconstruction and Development (EBR...

Economics 1685428806

Revival of Paragliding: Summer Resumption Anticipated Under Refreshed Regulations

After enduring a standstill of nearly ten months, paragliding is slated to make a thrilling comeback this summer, invigorated by a fresh set of regulations.Stakeholders within the industry are optimis...

business 1685428733