Putin says hopes for soon Russia, Iran, Azerbaijan cargo traffic deal - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Putin says hopes for soon Russia, Iran, Azerbaijan cargo traffic deal

MOSCOW/TEHRAN, May 17 (PRIME) -- Moscow hopes that an agreement between Russia, Iran and Azerbaijan on railway infrastructure and cargo traffic cooperation would be signed soon, President Vladimir Putin said on Wednesday at the signing of a deal to build the Rasht-Astara railway.

"We are closely cooperating with Azerbaijan in the context of establishment of this (NorthЦSouth) corridor which we are speaking about. We hope for an as soon as possible completion of preparation of an agreement of cooperation for development of railway infrastructure and cargo traffic on the NorthЦSouth route in trilateral format with participation of the Azeri side," Putin said.

Putin said that the multimodal transport corridor would be a competitive alternative to the current cargo transportation options, as it would take only about 10 days to carry goods from St. Petersburg to Mumbai, the end points of the future corridor, whereas the current time amounts to 30Ц45 days.

He also said that the corridor would be used for transport of food and other types of cargo to Iran, the Persian Gulf states and Africa.

Deputy Prime Minister Alexander Novak said that Russia would issue a 1.3 billion euro intergovernmental loan on construction of the RashtЦAstara railway. The overall cost of the project is estimated at 1.6 billion euros.


17.05.2023 12:34
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 103.1631 +1.0652 30 sep
USD 97.4147 +0.4129 30 sep
Stock Market Indices
1D 1W 1M 1Y
micex 3133.26 +0.81 18:51 29 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 167.33 -1.33 18:44 29 sep
lkoh 6671.00 +0.38 18:44 29 sep
rosn 536.10 +0.07 18:44 29 sep
sber 257.67 0.00 23:50 29 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 102.7525 +0.6950 14:59 29 sep
USDTD 97.6200 +0.7700 17:44 29 sep