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Turkmenistan, Russia sign agreement on Caspian rail, ferry services

Business Materials 3 November 2010 12:31 (UTC +04:00)
Turkmenistan and Russia have signed an intergovernmental agreement on railway and ferry crossing between the ports of the two countries, an official Turkmen source reported.
Turkmenistan, Russia sign agreement on Caspian rail, ferry services

Turkmenistan, Ashgabat, Nov. 3 / Trend H.Hasanov /

Turkmenistan and Russia have signed an intergovernmental agreement on railway and ferry crossing between the ports of the two countries, an official Turkmen source reported.

The document was undersigned at a meeting of a joint intergovernmental economic cooperation commission in Ashgabat. The parties noted that the agreement will "strengthen the equitable balance of interests and a mutually beneficial partnership on a strong pragmatic basis."

The agreement was prepared in 2008 and provides for a direct connection between the Russian port of Olya near Astrakhan and Makhachkala and the port city of Turkmenbashi. The route will increase freight traffic from Turkmenistan to Russia, Georgia, Ukraine and Belarus.

Turkmen President Gurbangulu Berdimuhammedov earlier stated that he stands for "increasing the volume of rail and sea transportation in the region, including through new routes."

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