Iran eyes increase of transit rate with neighbor countries

Business Materials 17 October 2011 17:57 (UTC +04:00)

Azerbaijan, Baku, Oct. 17 / Trend A.Gurbanova/

Iran expects the volume of transit trade with neighbors to reach 12 million tons in current solar year (started on March 20, 2011), Mehr News Agency reported quoting Minister of Roads and Urban development Ali Nikzad as saying.

"Iran's transit with neighbors reached 10 million tons last year (ended on March 20, 2011) and this volume is predicted to increase to 12 million tons," he said.

Nikzad noted Iran has more than 20 borders with neighbors and the volume of transit has increased remarkably in recent years. Iran aims to raise the volume of cargo transit to 30 million tons.

Iran plans to construct 4,000-kilometer railway to develop transit routes and to get connected to Europe and Asia.

Iran invested $600 million in construction of Tamarchin border terminal in Piranshahr at West Azerbaijan province, which would connect Iran to Syria, Iraq, Lebanon, North Africa, Mediterranean and south of Europe.

More than 100 countries choose Iran as the transit destination and that testifies for secure routes and low fuel costs