Georgian Railway Corridor`s Potential Analysis

Description

Cargo is transported from Asia to Europe using the Georgian Railway Corridor and vice versa in 15 countries. The findings of the study show the increase in the number of cargo transit from the presented countries is shown in the direction of 7 countries (Turkey, Turkmenistan, Lithuania, Moldova, Russia, Uzbekistan, Kyrgyzstan), the transit traffic decreased in the direction of the other 8 countries. The results of the study can be useful as it provides important recommendations. The aim of financially economical models, we have identified the causal links between the sensitivity of railway cargo and the economic growth of the country. The main task of the research was to use the Railway EVA and the Georgian economy, create a cargo sensitivity relationship between CAGR models. The paper presents the analyses of the scientific research problems regarding the Railway freight transportation studies. Calculations are provided regarding the share of the Railway System in the country’s GDP and the average annual geometric (CAGR) growth pf cargo volumes in 16 years’ cycle allowing the „Georgian Railway“ JSC to create the additional value in the country’s overall GDP.