Trilateral talks on North-South transport project launched in Tehran
TEHRAN – Azerbaijan-Russia-Iran trilateral meeting on implementation of North-South international transport corridor project started in Iran’s capital Tehran on Monday.
Establishment of a limited company (Ltd) dealing with construction of Gazvin-Rasht –Astara (Iran)–Astara (Azerbaijan) railway as a part of the North-South International transport corridor will be discussed at the two-day meeting.
Azerbaijan Railways head Arif Asgarov is attending at the meeting.
Iranian Railways' International Department Head Abbas Nazari said earlier that the capital of the joint venture will amount to $3 million.
Transportation of goods along the North-South corridor is predicted at 5 million tons per year in the first phase, and the volume is planned to increase to 10-15 million tons in the future.
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