Tehran, Baku sign MOU on building railway
Baku, Azerbaijan, Oct. 10
By Fatih Karimov - Trend:
Iran and Azerbaijan signed a memorandum of understanding on building a railway with a capacity to carry 5 million tons of goods.
The MOU was signed during the joint economic committee meeting of Iran and Azerbaijan in Tehran, IRNA news agency reported on October 10.
On the sidelines of the signing ceremony, Iran's Minister of Communications Mahmoud Vaezi said one kilometer length of the railway has been established and the MOU will pave the way for building another one kilometer length of the railway.
The two countries have agreed to finance the construction of the Astara (Iran) Astara (Azerbaijan) railway line and railway connection between the two countries as part of the North-South international transport corridor, Abbas Nazari, the head of the international transport department of the Iranian State Railway, told Trend Oct. 7.
The North-South transport corridor will connect Northern Europe to South-East Asia. It will serve as a bridge to connect the railways of Iran, Azerbaijan and Russia.
According to preliminary estimates, its capacity will be 1.4 million passengers and 5-7 million metric tons of cargo a year. Around 22 tunnels and 15 bridges will be built throughout the railway. Around 15 tunnels have already been constructed.
The volume of cargo transportation through the corridor will amount to 6 million metric tons in the initial stage and will reach 15-20 million metric tons in the future.