Rehabilitation of the railways in the South Caucasus, Vol. 1

Assessment of the potential economic benefits: Sochi-Sukhum/i-Tbilisi-Yerevan railway

This report assesses the potential costs and benefits of rehabilitating the South Caucasus railways, in particular the Sochi-Sukhum/i-Tbilisi-Yerevan railway. It looks at the expenditure required for restoring rail traffic, the potential profitability of the railway and how long it will take to achieve a return on investment. It also looks at the indirect positive economic and social effects that could arise from opening the railway. This is the first volume in a two-part series. Volume 2 looks at the Kars–Gyumri–Nakhichevan–Meghri–Baku railway (published August 2014). (Русский)