Deputy minister: Chinese companies to work on Qazvin-Rasht-Astara railway
Azerbaijan, Baku, April 26 / Trend S.Isayev/
Companies from China will be conducting work on the Qazvin-Rasht-Astara railway, which is a priority for Iran right now, Iranian Deputy minister of roads and city planning Ahmad Sadeghi said, ISNA reported.
The railroad would begin in Iran's Hormuzgan port of Khuzestan province, forward to Iran's center of Gazvin, then to Bender-Enzeli port, and to Amirabad port.
Sadeghi also noted that aside from Chinese, other foreign companies are currently working on railway's construction.
Qazvin-Rasht-Astara railway is a part of the North-South transport corridor implemented by Azerbaijan, Russia and Iran. Investments worth $400 million have been made in the construction of the railway.
Investments were planned to be drawn at the expense of banks of project member countries, as well as from other regional financial institutions.
During the preliminary years the volume of freight transportation via the railway is projected at six million tons a year, with a subsequent increase in the volume of freight to 20 million tons per year.