TODAY.AZ / Business

Azerbaijan, Iran, Russia to mull transit, customs issues

11 August 2022 [17:59] - TODAY.AZ

By Azernews

By Sabina Mammadli

Iranian, Azerbaijani, and Russian officials will discuss the diversification of the routes on the International North-South Transport Corridor (INSTC) in the near future, Iranian Ambassador to Azerbaijan Seyyed Abbas Mousavi said.

The remarks were made during the ambassador’s visit to Iran’s Astara city, where he got acquainted with the joint projects being implemented between Iran and Azerbaijan.

Mousavi added that Iran’s Astara is one of the main and important parts of the INSTC. With the completion of work within the projects being implemented in Astara, its regional and international importance will reveal itself even further.

“Regarding these projects and other transit issues between the two countries, Iranian Minister of Roads and Urban Development Rostam Ghasemi and Minister of Digital Development and Transport of Azerbaijan Rashad Nabiyev will soon meet,” he noted.

At present, a railway terminal is being built between Iran and Azerbaijan in Iran’s Astara city. A part of this railway terminal has already been put into use.

To recap, on January 25, 2022, the foundation of a new bridge over the Astarachay River on the Azerbaijani-Iranian border was laid. The construction of the 89-meter-long and 30-meter-wide bridge is expected to be completed by the end of the year.

The foundation of the International North-South Transport Corridor was laid on the basis of an intergovernmental agreement signed between Russia, Iran, and India on September 12, 2000.

In total, 13 countries have ratified the agreement, including Azerbaijan, India, Iran, Russia, Türkiye, etc.

The purpose of creating a corridor is to reduce the delivery time of cargo from India to Russia, as well as to North and West Europe. Delivery time on the current route is more than 6 weeks, it is expected to be reduced to 3 weeks via North-South Transport Corridor.

The 175 km long Qazvin-Rasht railway was officially put into operation on March 6, 2019, to connect Azerbaijani railways with the Iranian railway network within the corridor. In addition, the 167 km long Rasht-Astara railway line must be built in Iran.

URL: http://www.today.az/news/business/224052.html

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