75904
INSTC Transportation Tariffs May Decrease
INSTC Transportation Tariffs May Decrease

INSTC Transportation Tariffs May Decrease

INSTC Transportation Tariffs May Decrease

Tariffs for transportation of freight through the International North-South Transport Corridor may drop after the completion of a railroad segment connecting two Iranian and Azerbaijani border cities, the head of International Transportation Department at the Islamic Republic of Iran Railways said.

“Transportation tariffs may drop after the inauguration of Astara (Iran)-Astara (Azerbaijan) railroad in the coming months,” Hossein Ashouri also told Trend on the sidelines of a meeting with the rail officials of Russia, Belarus and Azerbaijan in Baku on Wednesday.

Noting that Iranian and Azerbaijani sides are working hard to inaugurate the two rail segments of Rahst-Qazvin and Astara-Astara over the current year, he hoped that the Rasht-Astara segment would come on stream in three years.

The official added that Iran, Russia, Azerbaijan and Belarus railroads have also agreed to refrain from increasing tariff for 2018.

The sides will meet again in the next three months in India to present information about the capabilities of transportation corridor to freight forwarders in India as the corridor is expected to be extended to Belarus and Northern Europe.

Ashouri noted that Finland, Estonia and Latvia may join INSTC in the near future. INSTC is meant to connect Northern Europe with Southeast Asia. It will serve as a link connecting the railroads of Azerbaijan, Iran and Russia. At the initial stage, it is planned to transport 5 million tons of cargo per year through the corridor and over 10 million tons of cargo in the future.

 

Short URL : https://goo.gl/EqU11Z
  1. https://goo.gl/nnQ4QB
  • https://goo.gl/1jhSFF
  • https://goo.gl/QddWj7
  • https://goo.gl/aMQnKU
  • https://goo.gl/ABm4xA

You can also read ...

Iraq May Become Iran's Top Export Destination
Iran's exports to Iraq have considerably increased in recent...
Gov’t Cuts Back on Spending Amid Growing Budget Deficit
President Hassan Rouhani’s Cabinet approved plans on Sunday to...
Iran Digital Payments Exceed $16b in 1 Month
Close to 1.84 billion transactions worth more than 2.44...
NIOC Will Issue Manfa’ah Sukuk to Fund Projects
Head of the National Iranian Oil Company said it will issue...
Tehran Mehrabad Airport Projects Worth $20m Inaugurated
A number of development projects worth 2.7 trillion rials (...
Iran, Pakistan Confer on Broadening Trade Relations
President of Iran Chamber of Commerce, Industries, Mines and...
Iran Engine Oil Production Rises 24%
A total of 214 million liters of engine oil were produced by...
Packaging Industry Facing Shortage of Raw Materials
A near fivefold rise in packing paper exports, thanks to the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus