Amidst plans to link the Caucasus region, Iran and Russia by rail (the North – South transport corridor worth USD 400 mln), Iran is about to build a railway between Rasht and Iranian Astara, financed by Russia.
“Rasht-Astara railway will be constructed jointly by Iran and Russia through Russian financing on the basis of the agreement between Tehran and Moscow,” Managing Director of Iranian Railroad Organization Mohsen Pour Seyed Aqayee said. In turn, Azerbaijan will build a link from the Azerbaijani Astara to Iran’s Astara. The $400-million North-South transport corridor envisages creation of a single railway from Europe through Russia, Azerbaijan and Iran to India and South-East Asia. Such railway investment will help exploit this relatively new market.
http://english.farsnews.com
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