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Thursday, April 20, 2006

Final cost of BTC to be known as soon as construction's complete

19 April 2006 [23:51] - Today.Az - As of preliminary estimations, the cost of the construction of the Baku-Tbilisi-Ceyhan (BTC) grew 30% as compared to its initial budget set as $2.95bn at the moment of sanctioning.
As Trend reports, David Woodward, the President of the BP Azerbaijan, told that some $600m is required for fulfilling the pipeline with the technical oil in the volume of 10 million barrels and the repayment of credits.
The estimation on the claims by contractor-companies is underway and final budget of the project will be known upon completion of the construction of the pipeline.

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