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Russia to Finance Rasht-Astara Railway

  • July, 04, 2023 - 17:35
  • Economy
Russia to Finance Rasht-Astara Railway

TEHRAN (Tasnim) – The Russian president’s special assistant said the volume of exchanges of goods with Iran in the International North-South Transport Corridor (INSTC) is expanding, adding that the construction operation of the Rasht-Astara Railway will be financed by Moscow.

Economy

 Igor Levitin said transport and transit via Iran’s route is of paramount importance to Russia, noting that the issue of the development of a railway between Iran and Russia is a major part of facilitating the ties and thus the Russian government has decided to finance the construction of the Rasht-Astara railway. 

Efforts are underway to increase the volume of exchanges of goods to 30 million tons, he said, adding that Russia has considered a budget line for the construction of ships in the Caspian Sea.

Russia expects transit cooperation will develop with India and Iran for the development of the International North-South Transport Corridor, he underlined.

 

 
R1651/P
Read more
Iran-Russia Joint Work on Rasht-Astara Railway Project Progressing Well: Envoy
Iran, Russia Finalize Rasht-Astara Railway Completion Deal
Rasht-Astara Railway Project’s Agreement to Be Finalized Next Month
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