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Marabda-Kartsakhi railway losses GEL 183 million

Marabda-Kartsakhi railway losses GEL 183 million
Marabda-Kartsakhi railway losses GEL 183 million

Marabda-Kartsakhi railway lost GEL 183 million. The information became available at the online conference of "Hub Georgia," a platform working on transport issues.

The conference reviewed last year's losses suffered by the country's economy due to the pandemic. The impact of the negative resonance that began the previous year and its further development was also explained.

The conversation covered unprofitable state enterprises. Among them are: "Marabda Kartsakhi Railway" with a loss of GEL 183 million last year, "United Water Supply Company" with a loss of GEL 85 million, "Energotrans" with a loss of GEL 26 million," and Georgian Railway" with a loss of GEL 130 million.

The online conference explained that the reason for the loss of state-owned companies is ineffective decisions.

Marabda-Kartsakhi Railway is a 100% state-owned enterprise. Levan Kankava is the director of the facility. The economic activity defined by the document is the construction of overground and underground railways. The Marabda-Kartsakhi Railway is one of the most important infrastructure projects in the history of independent Georgia, built with $ 775 million in the loan.

It is a part of the Baku-Tbilisi-Kars Railway (BTK), located on the territory of Georgia. Most of the construction work of the Georgian part of BTK was completed several years ago. It remains to carry out the type of work directly related to the start of operation of the railway.

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