Tehran, Moscow, Baku reach cut rail tariffs by 50%

Tehran, Moscow, Baku reach cut rail tariffs by 50% ...
en.mehrnews.com 09/03/2017 Auto

Keywords:#Astara, #Azerbaijan, #Azerbaijan_Republic, #Baku, #Bandar_Abbas, #Belarus, #Economy, #En.mehrnews.com, #Estonia, #Finland, #India, #International_Exhibition, #Iran, #Islamic, #Islamic_Republic, #Islamic_Republic_of_Iran, #MNA, #Moscow, #Mumbai, #News, #North-South, #North-South_Transport, #North-South_Transport_Corridor, #Persian, #Persian_Gulf, #Qazvin, #Rasht, #Russia, #Tehran


News ID: 3926798 - Wed 8 March 2017 - 15:42
Economy
TEHRAN, Mar. 08 (MNA) – A trilateral meeting between Iran, Russia and Azerbaijan agreed to reduce railway tariffs by 50% in order to activate North-South Transport Corridor.
Representatives of Iran, Russia and Azerbaijan, in a trilateral meeting in Moscow, exchanged views over organizing cargo within framework of the North-South international transport corridor through territory of Azerbaijan Republic as well as development of transit potential of Iran’s Astara border terminal.
The main objective of the tripartite session was to determine preferential tariff rates for 2017 and determine transfer time on the route.
Representatives of the three states mulled over activation of the route for transportation of cargos from Russia, Azerbaijan, Belarus, Latvia, Estonia and Finland to the Persian Gulf and India and vice versa. They also reached consensus on tariffs rates.
Deputy Head of the Islamic Republic of Iran Railway Company for Operation Affairs Hossein Ashouri stated that “after 14 years, Iran, Russia and India have finally agreed on launch of the corridor while the first test freight train was deployed to the Mumbai-Bandar Abbas- Astara-Moscow route in 2016.”
“It was agreed during the trilateral meeting that the route will become operational with a 50% cut in tariffs,” said the official voicing optimism that the new corridor will become seriously activated once Finland, Estonia, Latvia and Belarus join the route.
On other relevant measures, the official said “in addition to assistance in reducing tariffs, Russia also offered to introduce the corridor package to all visitors to the International Exhibition for Transport and Logistics Services and Technologies (Trans Russia 2017).”
“Given that construction of Astara (Iran)-Astara (Azerbaijan) railway line project will be accomplished in two months, Tehran and Baku are firmly determined to enable the corridor,” underscored Ashouri anticipating that Qazvin-Rasht route will become operational within the next six months speeding up freight transportation.
--- ---
...

Read more from Source »

Related articles based on keyword density
Iran’s railway revolution ...
globalconstructionreview.com 15/12/2015 Auto
14 December 2015 | By David Rogers How the Islamic Republic is set to become the land bridge that connects the continents. Following the deal struck b...View Details»

Iran completing ‘beauty link’ in North-South trade corridor ...
presstv.ir 29/06/2017 Auto
***Iran is preparing to launch what could be the country’s most beautiful rail routes at the heart of a multimodal intercontinental transportation pro...View Details»

Iran, Russia map out rival to Suez Canal ...
presstv.ir 09/08/2016 Politics
*** The International North-South Transport Corridor, shown in bold green dots, will significantly reduce costs and travel time. A major project to fo...View Details»

India moves to reset ties with Iran - The Hindu...
thehindu.com 24/06/2015 Economy
By Smriti Kak Ramachandran Visit by Foreign Secy, MoU on Chabahar point to revival. India has begun to reset its ties with Iran, notwithstanding the u...View Details»

Convention on the legal status of the Caspian Sea ...
en.wikipedia.org 12/08/2018 History
The Convention on the legal status of the Caspian Sea is a treaty signed at the Fifth Caspian Summit in Aktau, Kazakhstan, on 12 August 2018 by the pr...View Details»


EOF