(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 4. A contract has been
signed on the implementation of the Rasht-Astara project, which is
aimed at facilitating traffic along the North-South corridor,
trend reports.
The document was inked at a trilateral meeting held in Tehran
with the participation of representatives of Iran, India and
Russia, as well as officials from other countries.
The contract was signed between Iran and Russia in the presence
of representatives of 13 countries. The Rasht-Astara project was
developed and designed by the Ministry of Transport and Urban
Development, with design completed by the end of 2023. Its
implementation is expected to start in early 2024.
The contract specifies the terms and conditions of the project,
as well as guarantees and responsibilities. The implementation of
the project will include joint work of groups from Iran and Russia.
The project is expected to be commissioned in 3-4 years.
The agreement on the construction of this railway section
between Rasht and Astara, which passes through Azerbaijan, was
signed on May 17 in the presence of the Presidents of Russia and
Iran, Vladimir Putin and Ebrahim Raisi.
According to the agreement, the construction of this railway
will cost the Russian side 1.6 billion euros. The railway is
planned to be put in operation within 48 months.
The Rasht-Astara line will be approximately 170 km long. It is
needed to connect the landlocked sections of the North-South
International Transport Corridor, which will enhance the economic
efficiency of the Trans-Caspian route. The railway line is expected
to be built with the participation of Moscow and Tehran, while the
Astara (Iranian city) - Astara (Azerbaijani city) line will involve
Moscow, Tehran, and Baku.
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