Rail Investment Talks With Baku
Economy, Domestic Economy

Rail Investment Talks With Baku

A joint working group in Baku on July 26 will study obstacles to cooperation between Iran and Azerbaijan on the financial issues of a project for the construction of Rasht-Astara railroad. According to Iran’s Ambassador to Azerbaijan Mohsen Pak-Ayeen, Iran’s deputy minister of roads and urban development, Asghar Fakhrieh-Kashan, and Azerbaijan’s deputy economy minister, Sahil Babayev, will chair the delegations of their respective countries in the meeting, Trend News Agency reported. According to Pak-Ayeen, Baku will invest $500 million in the construction of the railroad, which will be capable of carrying 10 million tons of goods and three million passengers per year upon inauguration. Expressing hope that the railroads of Iran and Azerbaijan will be linked by the end of the current year, the envoy said connecting the railroads of the two neighboring countries will have a key role in developing the so-called International North-South Transport Corridor, which is to link Northern Europe with Southeast Asia.

Short URL : http://goo.gl/FH0WIw
  1. http://goo.gl/EqMrJh
  • http://goo.gl/7hIL9X
  • http://goo.gl/8otcZW
  • http://goo.gl/KDDTvu
  • http://goo.gl/OTj1xQ

You can also read ...

Iranian Drones Shine in IMAV 2017
The ninth round of International Micro Air Vehicles Conference...
Mobarakeh Steel Company’s HRC topped the charts in H1 production to reach 1.93 million tons.
Iran’s largest flat steel producer Mobarakeh Steel Company...
The Health Ministry says new European choppers are expected to join the fleet in the near future.
Local media reported on Monday that Iran has received two...
ITU Secretary-General Houlin Zhao, South Korea’s minister of science, ICT and future planning, Choi Yang-hee with a delegation of ITU officials visited Iran’s pavilion.
ITU Telecom World 2017 kicked off on Monday in Busan, South...
Russia’s Elbin Bank Eyes Cooperation With Iran
Representatives of Alborz Export Promotion Company met with a...
Iron Ore Pellet Plant Construction to End in Nov.
The construction of Butia Iranian Steel Company’s 5.2-million-...
Iran exported about $35 million worth of tomatoes during the five months to Aug. 22.
The Pakistani government has decided not to relax the...
About 896 million shares valued at $49.94 million changed hands at TSE on Sept. 26.
Tehran Stock Exchange’s main index gained 111.90 points or 0....