Iran Press/ Iran news: The North-South International Transport Corridor Agreement of 2010 was signed by the transport ministers of Iran, India, and Russia in St. Petersburg, Russia.
The corridor is the most important trade route between Asia and Europe, which is 40% shorter in terms of distance and time and 30% cheaper in terms of cost.
Abbas Khatibi, the deputy head of CDTIC, referring to the negotiations with Russia to participate in the Rasht-Astara railway as the most important project of the North-South corridor, said that the agreement with the Russians will be finalized by May 21.
Referring to the negotiations with Russia to participate in both the financial and technical parts of the Rasht-Astara railway and the completion of the North-South corridor, the deputy head of CDTIC said: We must be able to use the sources of the line of credit that the Russians in the form of loan to complete the Rasht Astara railway.
Regarding the presence of the Republic of Azerbaijan, Khatibi also noted: We are trying to sign a bilateral agreement with Russia, after which, with the accession of the Republic of Azerbaijan, this agreement will become tripartite.
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