(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 8. Iran hopes to
develop economic ties with Iraq and increase the trade turnover of
the two countries, Iranian President Masoud Pezeshkian said at a
joint press conference with Prime Minister of Iraq Mohammed Shia'
Al Sudani in Tehran on January 8, Trend reports.
According to him, negotiations were held on expanding ties in
the customs sphere, the participation of Iranian and Iraqi
companies in joint investment projects, increasing passenger
transportation, cargo transportation, and transit, strengthening
cross-border markets, eliminating problems related to the
activities of the private sector, and mutual satisfaction of the
needs of the parties.
The Iranian president stated that the meeting focused on
economic and trade cooperation and several projects, particularly
the acceleration of the modernization of the Shalamcheh-Basra
railroad.
In a press conference, the Prime Minister of Iraq, Mohammed
Shia' Al Sudani, also emphasized the importance of cooperation
between the two countries.
Al-Sudani noted that officials from the two countries will soon
convene on economic projects, joint projects, as well as
cooperation in Iraq's electricity and gas supply.
The Prime Minister of Iraq articulated a strategic intent to
enhance bilateral relations with the Islamic Republic of Iran.
Iraqi Prime Minister Mohammed Shia' Al Sudani conducted a
diplomatic visit to the Islamic Republic of Iran today.
The southwestern Iranian village of Shalamcheh in the
Khurramshahr district of Khuzestan province is located on the
border with Iraq. The railway line from this point to Basra, Iraq,
will be about 32 kilometers long. Part of the railway line passes
over the Arvand River, and an 800-meter-long bridge is planned to
be built across the river.
Based on the memorandum signed between the two countries on the
construction of the Shalamcheh-Basra railroad, the construction
works along with the railroad bridge over the Arvand River should
be completed within 18 months to 2 years.
The Iranian contingent asserts that the operationalization of
the Shalamcheh-Basra railway corridor will facilitate the transit
of 8–10 million tons of freight and approximately 12 million
travelers annually.
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