Baku to Allocate $500m for Railroad Project
Economy, Business And Markets

Baku to Allocate $500m for Railroad Project

Azerbaijan will grant Tehran $500 million in credits for the construction of the North-South transport corridor, Iran’s Minister of Communications Mahmoud Vaezi said.
“Construction of the Rasht-Astara railroad requires about a billion dollars, $500 million of which will come in the form of credits from the Republic of Azerbaijan. The measure will apparently help accelerate implementation of the North-South project,” Vaezi said Friday, the republic’s Trend News Agency reported.
Iran has completed almost 90 percent of infrastructure works along the Qazvin-Rasht route that will fully completed by the end of the year.
The Qazvin-Rasht-Astara railway is part of the North-South Transport Corridor project, which aims to reduce the cost and time of cargo delivery by ship, rail and road to/from Russia, India, Iran, Azerbaijan and other countries along the route.

Short URL : http://goo.gl/apPc2Y
  1. http://goo.gl/QuPs1b
  • http://goo.gl/kdxXfp
  • http://goo.gl/tmW6jt
  • http://goo.gl/12Us9V
  • http://goo.gl/E8jxcC

You can also read ...

The CBI governor met with bank CEOs on Dec. 9. 
Governor of the Central Bank of Iran Valiollah Seif asked the...
Apple to Acquire Music Identification App Shazam
Apple Inc is in talks to acquire Shazam Entertainment Ltd,...
Close to €14.78 billion worth of commodities were exchanged between Iran and all European Union states during Jan.-Sept.
The latest Eurostat data shared with Financial Tribune show...
MSC Selected Asia’s 11th Most Admired Knowledge Enterprise
Iran’s largest steelmaker, Mobarakeh Steel Company, has been...
President Hassan Rouhani hands the budget bill for the upcoming fiscal year (March 2018-19)  to Parliament Speaker Ali Larijani on Dec. 10.
President Hassan Rouhani presented the budget bill for the...
The device, called GPhone, is built into a smartphone case with a companion app which lets patients record and track their glucose readings.
A new re-useable glucose-monitoring smartphone case developed...
Currency Gains in  FX Market
Most foreign currencies in Tehran’s market gained against the...
Arvand Kaveh Steel’s 1st Phase to Go on Stream
Arvand Kaveh Steel Company’s first phase of production is...