Azerbaijan, Russia inks agreement on Development of Transit Freight Transportation

The Minister of Digital Development and Transport, Rashad Nabiyev, visited Russia, Azernews reports, citing the Ministry.

During his visit, a meeting was held at the Ministry of Transport of Russia with the participation of Minister Rashad Nabiyev, Deputy Prime Minister of the Russian Government Vitaly Savelyev, and Transport Minister Roman Starovoit.

During the meeting, discussions were held on the development of the "North-South" International Transport Corridor, including the implementation of road transport.

Following the discussions, an agreement was signed between the Government of the Republic of Azerbaijan and the Government of the Russian Federation on cooperation for the development of transit freight transportation via the "North-South" International Transport Corridor.

The agreement, which outlines the terms of cooperation for the development of railway infrastructure and transit freight transportation, aims to improve the efficiency of transport connections and increase the potential of the Western route of the "North-South" International Transport Corridor.

This agreement is expected to stimulate an increase in the volume of freight transported by rail and ensure a balance between the growth rate of transportation volumes and the development of railway transport infrastructure.