He said that Azerbaijan will finance the construction of its part itself.
A groundbreaking ceremony was held in the Azerbaijani city of Astara Apr. 20 for construction of a railroad bridge over the Astara River.
At present, the sections of the Qazvin-Rasht and Astara (Iran) - Astara (Azerbaijan) railway are being constructed as part of the project.
The Astara (Iran) - Astara (Azerbaijan) section is planned to be constructed in 2016, while the Qazvin-Rasht section in 2017. The Rasht-Astara railway will be under construction simultaneously.
The Qazvin-Rasht-Astara railway is a part of the North-South transport corridor. Construction investments are estimated at $400 million.
Initial plans call for transporting six million tons of cargo through the corridor a year, which is expected to reach 15-20 million tons per year in the future.
More about:
-1780923278.jpg&h=190&w=280&zc=1&q=100)
