Deputy Minister of Road and Urban Development Kheirollah Khademi said on Wednesday that some €800 million is required for the completion of Rasht-Astara railway, while noting that Iran will not wait for Russia and China to provide the needed finance.
Iran and Russia has reportedly reached a major agreement on Russia’s transport via the Iranian soil.
The Islamic Republic of Iran Shipping Line Group (IRISL Group) announced it has launched offices in different parts of India to help a multimodal transit of goods in the strategically important International North-South Transit Corridor (INSTC).
Around 220 trillion rials ($656 million) are needed to complete the construction of Rasht-Astara railroad, says the CEO of the Construction and Development of Transportation Infrastructures Company.
Russia has invited Azerbaijan and Iran to create a logistical operator for the western route of the International North-South Transportation Corridor, Russian First Deputy Prime Minister Andrei Belousov said at the 15th Verona Eurasian Economic Forum on Friday.
Representatives of Iran, Russia and Azerbaijan have reached an agreement on the development of the western branch of the strategically important International North-South Transit Corridor (INSTC).
The first-ever international digital TIR pilot transport was carried out between Iran and India which facilitates the transfer of shipments from India to Russia via INSTC corridor.
The Islamic Republic of Iran Shipping Line Group (IRISL) has reported a record high in its freight services between Russia and India through a newly launched corridor.
A declaration on the development of the International North-South Transport Corridor (INSTC) was signed following the first Iran-Azerbaijan-Russia tripartite meeting in Baku on Friday, News.Az reports.
Iran, Azerbaijan, and Russia are going to invest in the construction of the Rasht-Astara Railroad project jointly which is part of the highly strategic International North-South Transport Corridor (INSTC).