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ECO developing rail corridors which pass through Iran

Oil&Gas Materials 6 November 2018 11:52

Tehran, Iran, Nov.6

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The Economic Cooperation Organization (ECO) has developed five rail corridors, all of which pass through the territory of the Islamic Republic, the deputy for transportation planning and economics, Nourollah Beiranvandi said in the 234th meeting of representatives of the Economic Cooperation Organization (ECO) member countries on Monday.

ECO, to expand and increase rail traffic in the region, has to complete infrastructure, launch and activate transport corridors such as Islamabad –Tehran-Istanbul corridor, Almaty - Bandar Abbas and Almaty-Istanbul railways and Iran-Afghanistan-Tajikistan-Kyrgyzstan-China corridor.

“ECO has these plans on its agenda,” he said.

"Although the construction of the Iran-Turkmenistan-Kazakhstan rail corridor is being carried out by the Economic and Social Commission for Asia and the Pacific (UNESCAP or ESCAP) and the Islamic Development Bank, but the other projects must be funded by ECO, said Beiranvandi.

The 234th meeting of representatives of the Economic Cooperation Organization (ECO) member countries was held in Iran’s Mazandaran Province on Monday Nov. 5.

The ECO is a Eurasian political and economic intergovernmental organization which was founded in 1984 in Tehran by the leaders of Iran, Pakistan, and Turkey.

It provides a platform to discuss ways to improve development and promote trade and investment opportunities.

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