Iran, Azerbaijan ink deal on railroad links to boost economy
Xinhua, March 5, 2017 Adjust font size:
Iran and Azerbaijan on Sunday signed an agreement to boost railroad links, as Azerbaijan's President Ilham Aliyev visited Iran's capital Tehran, Press TV reported.
Aliyev also discussed with Iran's President Hassan Rouhani the implementation of the North-South Transport Corridor (NSTC).
He told reporters that the NSTC could have positive effects on the economies of its host countries following his meeting with Rouhani, according to Press TV.
Aliyev also underscored Baku's determination to invest the construction of a railway between the two Iranian northern cities of Rasht and Astara, which could help facilitate the expansion of economic relations between the two countries.
The NSTC is a multimodal route to link India and the Middle East to the Caucasus, Central Asia and Europe.
The ship, road and rail route connects India's Mumbai to the Iranian port of Bandar Abbas and further to Baku in Azerbaijan as well as Russia's Astrakhan, Moscow and St. Petersburg before stretching to northern Europe and Scandinavia. Endit