Fakhrieh-Kashan, for his part, said that the North-South project will give a special impetus to the expansion of cooperation between Azerbaijan and Iran.
During the meeting, the parties also discussed the schedule of the railway’s construction.
Earlier, Azerbaijan and Iran created a joint working group for allocating $500 million worth loan for construction of the Astara-Rasht railway, the cost of which exceeds $1 billion.
The Qazvin-Rasht-Astara (Iran) – Astara (Azerbaijan) railway is a part of the North-South transportation corridor which is meant to connect northern Europe with south-eastern Asia. It will serve as a link for connecting the railways of Azerbaijan, Iran and Russia.
At the initial stage, it is planned to transport 5 million tons of cargo via the North-South corridor per year and to increase this figure to over 10 million tons in the future.
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