Domestic Economy, Art And Culture
0

New North-South Corridor to Cut Transit Time to Europe by Half

A new, shorter corridor with better infrastructure will be constructed between the two countries. The northern part of this corridor will be built from Yerevan toward Georgia while the southern 64-km segment, which leads to Iran, is under construction
New North-South Corridor to Cut Transit Time to Europe by Half
New North-South Corridor to Cut Transit Time to Europe by Half

The new North-South transit route passing through Armenia will be a new development in Iran’s relationship with the neighboring country and Europe, as it will be economical and competitive with other parallel corridors, says Deputy Minister of Roads and Urban Development Kheirollah Khademi.
Iran seeks to enhance its transit advantages by constructing new international routes. New road, rail and sea routes have been constructed to serve this purpose, to make access easier for Iran and other countries along the International North-South Transport Corridor and to Europe, reduce the travel time and lower transportation costs.
Referring to Iran’s cooperation with neighboring countries, Khademi said the construction of new roads, besides completing the roads under construction, is a long-term plan for the development of Iran’s international roads.
“In addition to connecting Iran and neighboring countries to other parts of the world, our transit corridors are viewed as regional routes. Thus, the advantages of international routes are not restricted to European access,” he was quoted as saying by the Persian-language daily Iran. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com