Uzbekistan approves memorandum on creating int’l transport corridor
Tashkent, Uzbekistan, Oct.20
By Demir Azizov- Trend:
Uzbek President Islam Karimov has signed a decree to approve the memorandum of understanding on the implementation of the agreement on creating a Uzbekistan-Turkmenistan-Iran-Oman international transport and transit corridor, Uzbek Foreign Ministry said.
The memorandum was signed in Masqat, Oman during the meeting of foreign ministers of the participating countries on August 6, 2014.
The agreement to create the Uzbekistan-Turkmenistan-Iran-Oman international transport and transit corridor was signed in Ashgabat on April 25, 2011.
Uzbek president initiated the creation of this transport corridor in October 2010.
Under the agreement, part of the transport and transit corridor will run through a railway linking Uzbekistan, Turkmenistan and Iran, while the other part will run through the sea, from Iran's Bandar Abbas and Chabahar ports to Omani ports.
It is expected that the implementation of the project will allow expansion of trade and economic cooperation between the participant states and increase the transit cargo traffic.
Edited by CN