Iran - Russia Chamber of Commerce talks possible Russian investments in Iran's infrastructures

Business Materials 11 June 2021 13:26 (UTC +04:00)
Iran - Russia Chamber of Commerce talks possible Russian investments in Iran's infrastructures

TEHRAN, Iran, June.11


There is a possibility that Russia would invest in Iran's infrastructures as part of the International North-South Transportation Corridor, said the head of Iran and Russia Chamber of Commerce.

"There is railroad In the International North-South Transportation Corridor route between Rasht to Caspian and Anzali free trade zones that are currently being constructed and it has been promised that it would be completed by the end of the current Iranian year (started March 21, 2021)," Hadi Tizhoush Taban, told Trend in an interview.

"It would be a good opportunity for commodity transit from Europe to South East Asia and the Persian Gulf states. The corridor would be profitable for Iran and reduce transportation costs," he said.

The North-South Transportation Corridor starts from Finland and enters Russia and passes through various ports in the Caspian Sea to the countries in the Persian Gulf and Southeast Asia.

"Russia could transport its commodity via this corridor, Russia is interested to use this railroad and transport considering amount of its commodities since it would reduce the transportation costs and time to one third, it would be in favor of Iran and Russia and other countries that this route would be activated soon but unfortunately it has been 25 years that we hear about this subject and hope governments would start to do this work soon," he noted.

"Eurasian countries could provide good facilities for our commodities in that region in terms of tariffs and finished prices. The issue should be taken more seriously and should be set on the agenda to develop our relations with Eurasian countries in regard to various domestic regulations and instructions there should be a law for five years," Taban added.