BAKU, Azerbaijan, April 28. We can further develop the North-South and East-West corridors, President of Iran Masoud Pezeshkian said in a press statement with President of Azerbaijan Ilham Aliyev, Trend reports.
"Iran and Azerbaijan have the potential to further enhance the North-South and East-West corridors. Through these corridors, we can strengthen our communication networks, implement changes in financial relations, and boost trade," he stated.
He added that these efforts will play a key role in deepening the ties between the two nations.
The foundation of the ‘International North-South Transport Corridor’ was laid on the basis of an intergovernmental agreement signed between Russia, Iran, and India on September 12, 2000. In total, 13 countries have ratified the agreement, including Azerbaijan, India, Iran, Russia, Türkiye, etc.
The aim of setting up a corridor is to cut down the delivery time of cargo from India to Russia, along with Northern and Western Europe. The delivery time on the current route is dragging its feet at over 6 weeks; however, it's anticipated to be trimmed down to 3 weeks through the International North-South Transport Corridor.
To facilitate the integration of Azerbaijan Railways with the Iranian rail infrastructure within the designated corridor, the Qazvin-Rasht rail link, spanning 175 kilometers, was officially commissioned on March 6, 2019. The Rasht-Astara rail corridor is slated for development within the geopolitical confines of the Iranian territory.
The north-south corridor has 3 directions in the territory of Iran. Eastern direction: Turkmenistan and Central Asian countries; Middle direction: other countries across the Caspian Sea; Western direction: Azerbaijan, Georgia, Russia, and Eastern European countries.
To note, on May 17, 2023, Russia and Iran signed an agreement to build the Rasht-Astara railroad line in Gilan province, northern Iran. The 163-kilometer-long Rasht-Astara railway line will house nine stations. The completion of this railroad will enhance the North-South international corridor and connect Iran's railroad network to the Caucasus countries, Russia, and Northern European countries. Under the agreement, the Russian side is to spend 1.6 billion euros on the construction of this railroad. This railroad is planned to be built and completed within 48 months.
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