Rasht-Qazvin railway to join INSTC today

Economy 10:58 06.03.2019

According to Iran’s Roads and Urban Development Minister Mohammad Eslami, the Qazvin-Rasht railway will officially be launched today in a ceremony attended by President Hassan Rouhani and several other high-ranking Iranian and foreign guests.

The construction of the Rasht-Qazvin railway project started in 2006, and the 164-km long stretch will further be connected to Anzali and Astara ports.

The route will connect Iran with Russia’s Baltic ports and give Russia rail connectivity to both the Persian Gulf and the Indian rail network.

Eslami noted that the project will reduce a significant share of cargo transportation costs between Asia and Europe.

The official added that concurrent with the inauguration of the Qazvin-Rasht railway, the construction of the Rasht-Astara railroad and another line linking Rasht to Caspian Port then to the port city of Anzali in Gilan province will commence.

According to Eslami, the Rasht-Caspian route will be completed in a year, and the stretch will be extended to Anzali Port in two years.

Once the project is complete, the Caspian Port will become the largest hub in northern Iran and make a major contribution to national and local economic development.

The official said Rasht-Astara project is also slated to go on stream within 4 years.

All the mentioned projects are aimed to contribute to achieving INSTC’s envisaged plans.

INSTC is a 7,200-km-long multi-mode network of ship, rail, and road route for moving freight between India, Iran, Afghanistan, Armenia, Azerbaijan, Russia, Central Asia and Europe.

The plan to establish the international corridor was signed by Iran, India and Russia in 2000 to boost economic and trade ties and reduce the distance for cargo transportation between India and Europe via Iran.

The international corridor would connect the Indian Ocean and Persian Gulf via Iran and links to the Caspian Sea, Russia and northern Europe. The corridor’s operation would cut the costs by 30 percent, while the duration of transportation would be 40 percent shorter.

Anti-Azerbaijan and Türkiye banners raised in Ukraine on Anniversary of So-Called Armenian Genocide - VİDEO

News line

Armenian lobby plans provocative rally during Azerbaijani President's Germany visit
00:35 26.04.2024
Xavi agrees to remain Barcelona coach
Xavi agrees to remain Barcelona coach
22:00 25.04.2024
Plane of Azerbaijani President leaves for Berlin from Fuzuli Airport for first time
21:00 25.04.2024
20 border posts installed on Azerbaijan-Armenia border
20:00 25.04.2024
This could be the end of the world economy - Predictions from English politologue
19:25 25.04.2024
Anti-Azerbaijan and Türkiye banners raised in Ukraine on Anniversary of So-Called Armenian Genocide - VİDEO
Anti-Azerbaijan and Türkiye banners raised in Ukraine on Anniversary of So-Called Armenian Genocide - VİDEO
18:50 25.04.2024
Deadly floods wreak havoc in Kenya’s capital
18:29 25.04.2024
Armenia Continues Unsubstantiated Claims Against Azerbaijan in The Hague Court - VİDEO
18:08 25.04.2024
Polish FM: Russia's attack on NATO will result in Moscow's defeat
17:55 25.04.2024
China Facilitates Arms Trade Route Between North Korea and Russia, US Satellite Observations Reveal
17:48 25.04.2024
More than 100 prisoners escaped from prison due to rains in Nigeria
More than 100 prisoners escaped from prison due to rains in Nigeria
17:32 25.04.2024
Kobakhidze: Georgia to soon become member of European Union
17:12 25.04.2024
Kyrgyz President Zhaparov concludes his state visit to Azerbaijan
16:47 25.04.2024
Azerbaijani President Ilham Aliyev invites European Council President Charles Michel to COP29
16:34 25.04.2024
Macron: Europe must show that it is not a US vassal
16:12 25.04.2024
Credit investment in Azerbaijan’s economy increases by 23%
16:00 25.04.2024
Azerbaijan and Uzbekistan to cooperate in space field
Azerbaijan and Uzbekistan to cooperate in space field
15:49 25.04.2024
Protesters in Yerevan demand resignation of government
Protesters in Yerevan demand resignation of government
15:28 25.04.2024
Presidents Ilham Aliyev and Sadyr Zhaparov tour Shahbulag Castle in Aghdam
15:00 25.04.2024
Second meeting of Foreign Affairs Committee Chairs of Parliaments of Turkic States to be held in Türkiye
Second meeting of Foreign Affairs Committee Chairs of Parliaments of Turkic States to be held in Türkiye
14:30 25.04.2024
First Azerbaijani Ombudsman dies
14:00 25.04.2024
Azerbaijan weather forecast for April 26
Azerbaijan weather forecast for April 26
13:40 25.04.2024
Presidents of Azerbaijan and Kyrgyzstan inspect ongoing works at Palace of Panahali Khans and Imarat complex in Aghdam
13:19 25.04.2024
President Ilham Aliyev and President Sadyr Zhaparov attend opening of Aghdam Juma Mosque after restoration
13:00 25.04.2024
Prime Minister of Nakhchivan dismissed from his post, new PM appointed
12:12 25.04.2024
Hungary plans to purchase more gas from Azerbaijan - FM
11:57 25.04.2024
Kyrgyzstan Joins Efforts in Karabakh Reconstruction, Echoing Uzbekistan and Kazakhstan - OPINION
11:40 25.04.2024
Woman Fell in Love with fake Elon Musk: lost 50 thousand dollars
Woman Fell in Love with fake Elon Musk: lost 50 thousand dollars
11:28 25.04.2024
US secretly shipped long-range missiles to Ukraine
11:16 25.04.2024
10th session of Azerbaijan-Hungary intergovernmental commission kicks off in Baku
11:03 25.04.2024
Azerbaijani citizens granted access to visit newly liberated Lachin in their own vehicles
10:51 25.04.2024
Azerbaijan, US discuss implementation of risk-based supervision model in banks
Azerbaijan, US discuss implementation of risk-based supervision model in banks
10:35 25.04.2024
Ammunition found in Khankandi
10:12 25.04.2024
Politico: ‘Ukraine may not receive additional financial aid from US until election’
10:02 25.04.2024
'US welcomes start of border delimitation process between Azerbaijan, Armenia - State Dept
09:47 25.04.2024
Price of Azerbaijan oil increases
Price of Azerbaijan oil increases
09:31 25.04.2024
National Hero Albert Agarunov remembered on his birthday
09:15 25.04.2024
Hungarian FM embarks on a visit to Azerbaijan
08:50 25.04.2024
Antonov: Russian forces will 'burn' all US supplies to Ukraine
23:42 24.04.2024
Kazakhstan, UK sign strategic partnership and cooperation agreement
22:40 24.04.2024
Hamısı