TODAY.AZ / Business

Azerbaijan explains benefits of North-South corridor to Iran

03 November 2015 [12:11] - TODAY.AZ
Head of Azerbaijan Railways CJSC Javid Gurbanov met with the board member of Iran Railways Abbas Haj Fathaliha.

During the meeting, Gurbanov talked about the projects being implemented by Azerbaijan Railways and the current tasks.

The sides primarily focused on the North-South international transport corridor.

Gurbanov said that the North-South corridor links North Europe with South-West Asia. The forecasts show that if this transport corridor operates at full capacity, this will allow some European, Central Asian, Caucasus countries, as well as several regions of Russia to get access to the Persian Gulf and India, he said.

The head of the Azerbaijan Airlines noted that it will also strengthen the trade relations between the Caspian Sea countries and Black Sea ports.

The North-South corridor will allow to intensify the railway transportation between Europe, South Asia and Middle East, he said, adding that it will significantly increase the income from local and transit railway transportation.

Fathaliha for his part expressed hope that the North-South transport corridor will positively affect the economic cooperation between Azerbaijan and Iran.

Further, the sides discussed the issues related to designing the bridge through the River Astarachay, determining the source of financing the Rasht-Astara railway and other technical issues.

/By Trend/
URL: http://www.today.az/news/business/144868.html

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