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Azerbaijan, Russia agree on rail tariffs

12 February 2016 11:38 (UTC+04:00)
Azerbaijan, Russia agree on rail tariffs

Azerbaijan Railways CJSC and Russian Railways JSC came to an agreement on setting competitive tariffs for cargo transportation.

Nadir Azmammadov, a spokesman for the Azerbaijan Railways, announced about this on February 11.

The agreement was achieved at a meeting between Javid Gurbanov, Azerbaijan Railways head, and Oleg Belozerov, Russian Railways president, in Moscow.

The meeting was dedicated to the mutually beneficial cooperation between the railway companies of the two countries, Azmammadov added.

He said the parties also discussed the cargo transportation via a route between Russia and Azerbaijan, developing Azerbaijan’s transit potential, as well as the project for the International North-South Transport Corridor, and attracting the interested countries to the project.

The parties also agreed to hold their next meeting in Baku in March.

If the North-South corridor, which links North Europe with South-West Asia, operates at full capacity, this will allow some European, Central Asian, Caucasus countries, as well as several regions of Russia to get access to the Persian Gulf and India.

The railway’s capacity will stand at 1.4 million passengers and 5-7 million metric tons of cargo per year, according to the preliminary estimations. As many as 22 tunnels and 15 bridges will be built throughout the railway. The volume of cargo transportation through the corridor will amount to 6 million metric tons at the initial stage and will reach 15-20 million metric tons in the future.

Earlier, Chairman of Azerbaijan Railways Javid Gurbanov said energy carriers such as oil, gas, and mazut are among the goods that the railway would suitable transfer.

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