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.

Journalists from Uzbekistan embarked on a visit to International Eurasia Press Fund -PHOTOS/VIDEO

News line

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
Iraqi President was invited to COP29
Iraqi President was invited to COP29
22:12 24.04.2024
State reception was hosted in honor of President of Kyrgyzstan Sadyr Zhaparov
21:00 24.04.2024
Journalists from Uzbekistan embarked on a visit to International Eurasia Press Fund -PHOTOS/VIDEO
20:10 24.04.2024
Biden signs Israel, Ukraine, TikTok bill into law
20:00 24.04.2024
Doha hosts first face-to-face Russia-Ukraine talks on return of children
19:30 24.04.2024
International experts from 30 countries view restoration work in Lachin
19:15 24.04.2024
Ombudsman informs UK ambassador about landmine terrorism by Armenia against Azerbaijan
19:00 24.04.2024
Israel's Defense Minister: ‘Half of Hezbollah's commanders have been killed’
Israel's Defense Minister: ‘Half of Hezbollah's commanders have been killed’
18:45 24.04.2024
Azerbaijan's insurance market rises
18:30 24.04.2024
Belarus deploys tactical nuclear weapons on its territory
Belarus deploys tactical nuclear weapons on its territory
18:15 24.04.2024
US President Biden once again used "Armenian genocide" term
18:00 24.04.2024
Estonia welcomes remarkable developments in Armenia-Azerbaijan border delimitation process
17:45 24.04.2024
Azerbaijan's Pardon Issues Commission holds next meeting, number of appeals exceed 300
Azerbaijan's Pardon Issues Commission holds next meeting, number of appeals exceed 300
17:30 24.04.2024
Azerbaijan's representation at the UN Committee Against Torture is ongoing - LIVE
17:29 24.04.2024
Azerbaijan, the U.S. mull issues of cyber security in financial field
17:15 24.04.2024
Kazakhstan expects second wave of floods
17:00 24.04.2024
France proposes new EU sanctions against Russia
16:45 24.04.2024
President of Kyrgyzstan highlights construction of secondary school in Aghdam district
16:30 24.04.2024
Erdogan meets with German President
16:15 24.04.2024
Azerbaijani ambassador meets with Gambia foreign minister
Azerbaijani ambassador meets with Gambia foreign minister
16:00 24.04.2024
Pelosi says Israel's Netanyahu 'should resign' as prime minister
15:45 24.04.2024
Türkiye urges world community to support Ankara-Yerevan normalization process
15:30 24.04.2024
Sadyr Zhaparov: Azerbaijan is building its bright future with confidence
15:15 24.04.2024
Media: About 30 Israeli generals and Shin Bet officers held hostage by Hamas
Media: About 30 Israeli generals and Shin Bet officers held hostage by Hamas
15:00 24.04.2024
Monkeypox epidemic declared in Congo
14:50 24.04.2024
Ilham Aliyev: Visit of President of Kyrgyzstan to Azerbaijan will contribute to strengthening friendly, fraternal relations between two countries
14:40 24.04.2024
President Ilham Aliyev: ‘Azerbaijan is determined to continue active interaction with Kyrgyzstan in all areas’
14:38 24.04.2024
President of Azerbaijan invites his Kyrgyz counterpart to COP29
President of Azerbaijan invites his Kyrgyz counterpart to COP29
14:30 24.04.2024
Azerbaijan’s central bank, US Department of Treasury discuss financial stability
Azerbaijan’s central bank, US Department of Treasury discuss financial stability
14:30 24.04.2024
Hamısı