The CEO of the Islamic Republic of Iran Railways Jabbarali Zakeri announced Iran’s readiness to boost ties with the TRACECA corridor members.
Iran has awarded a first contract to the private investor for the development of its railway infrastructure amid plans to expand the country’s rail freight transport market.
Road transit via Iranian soil has seen a 61% year-on-year increase in the first six months of the calendar year to late September, according to an official familiar with the matter.
A senior official in Iran’s transportation ministry says the country is building some 2,800 kilometers of new railways.
Senior officials from Iran and Russia have explored ways for completion of transportation corridors between the two countries, including the International North-South Transit Corridor (INSTC).
Iran and Turkmenistan have signed four memoranda of understanding (MoUs) to enhance cooperation in energy and transportation, capitalizing on their strategic regional positions.
Iran has set an ambitious target to increase cargo transit along the eastern branch of the International North-South Transport Corridor (INSTC) by threefold in 2024, aiming to reach two million tons.
An official at Iran’s Ministry of Roads and Urban Development said 16 million tons of goods were transited through Iran’s railway network and roads in the previous Iranian calendar year (March 21, 2023 to March 20, 2024).
Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has said that Iran has reached good railway agreements with Central Asian countries during the current administration.
Foreign transit through Iran has reached as much as 7.6 million tons in the four calendar months to July 21, marking a 58.5% increase year-on-year, according to customs data.