Iran calls for further investment in North-South corridor
Baku, Azerbaijan, Dec. 8
By Khalid Kazimov – Trend:
An Iranian diplomat has expressed his country’s support for launching the North-South corridor, saying that the transportation corridor will allow a significant reduction in transportation time and costs.
Iranian Ambassador to Russia Mehdi Sanaei has said that the corridor will reduce the distance between Asia and the Europe by 40 percent as well as 30 percent saving in costs for transporting goods between the two continents, Mehr news agency reported.
Speaking at a conference on the North-South transportation corridor in Moscow, he said that the corridor will contribute to boosting regional trade ties and cooperation.
He added that the transportation corridor will enjoy a multiple mode of transportation including railroad, shipping routes as well as roads to carry cargoes between India, Central Asia as well as Persian Gulf and Europe.
Elaborating on efforts made in his country aimed at launching the corridor, the diplomat added that increasing the capacity of the corridor requires further investment and efforts.
In addition to constructing railways and roads, it is of high importance to develop the ports located along the railways and roads in the corridor particularly on the Caspian Sea coasts and Daghestan, he said.
In order to complete the North-South Transportation Corridor, Iran is expected to construct two inland railroad sections in northern parts of the country, Qazvin-Rasht (175 kilometers) as well as Rasht-Astara (162 kilometers) railways.
In the meantime, Azerbaijan has launched a project to extend its railway into Iran’s territory through the border city of Astara which is in its final stages and is projected to come on stream in the near future.