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Iran’s rail transit rises by 109 percent

Business Materials 1 August 2015 14:57 (UTC +04:00)

Baku, Azerbaijan, Aug. 1

By Fatih Karimov - Trend:

Iran's rail transit rose by 109 percent in the first four months of the current Iranian fiscal year, started on March 21, said Ane-Mohammad Gharavi, chairman of the transit committee at the Iranian Railways Company.

Over 452,000 metric tons of goods were transited in the four-month period to Central Asia and Persian Gulf states, IRNA news agency quoted Gharavi as saying on August 1.

The most volume of goods was transited from Sarakhs-Bandarabbas railway and vice versa, he noted.

He added that transit of goods earn 590 billion rials (about $21 million) for the country, accounting for 40 percent of revenues of the Iranian Railways Company.

Uzbekistan, Turkmenistan, Tajikistan, and Kazakhstan were the main sources and destinations of goods, and fertilizers, cotton, and sulfur were the main transited goods, he added.

The Kazakhstan-Turkmenistan-Iran railway was inaugurated in Dec. 2014.

Kazakhstan-Turkmenistan-Iran railway is part of the North-South international transport corridor. A project, called the North-South, is being implemented on the basis of an agreement signed in 2007 by Turkmenistan, Iran and Kazakhstan.

The railway length is 925 kilometers in total, with 85 kilometers on Iran's territory, 700 on Turkmenistan's territory and the remaining 140 on Kazakhstan's territory.

Preliminary estimates show that originally 3 to 5 million metric tons of cargos per year will be transported via this route. In the long term the transportation will increase to 10-12 million metric tons.

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