Azerbaijan, Russia and Iran to Speed up Railway Project 'North-South'
Azerbaijan, Baku, 18 June / Trend / The railway experts from Azerbaijan, Iran and Russia discussed the proposals made by Russia with regard to speed up the implementation of the 'North-South' project and to take joint decisions on the issue, the State Railway Department reported.
In particular, the sides discussed the possibility to create a consortium on this project that will enable to speed its implementation and to attract funds.
The agenda includes the report by Iran regarding the course of the project to construct the railway Kazvin-Resht-Astara ( Iran) - Astara ( Azerbaijan) on the Iranian territory, as well as to work out a business-plan on the ground of these discussions on project conception. The meeting is scheduled for 19 June.
The project of transport corridor 'North-South' envisages to create a railway line from Europe via Russia, Azerbaijan and Iran to India and the South-East Asian countries. The essential work is expected to be carried out in Iran, which does not have any railway service to the Azerbaijani border. About $30mln or $40mln is needed to carry out the project on the Azerbaijani territory. Azerbaijan will construct the rest 8.5km plot of the road to the station in Astara ( Azerbaijan) and to upgrade border and customs infrastructure. The border railway bridge is also expected to be constructed on the parity basis with Iran.
The forecast on cargo transport is expected at 5mln tons per year and will reach 10 or 15mln tons per year in the future.