TEHRAN – Deputy Minister of Roads and Urban Development Shahriar Afandizadeh said on Sunday that Iran, Azerbaijan, and Russia set to invest in the construction of the Rasht-Astara Railroad project jointly which is in line with the implementation of the International North-South Transport Corridor (INSTC).
Iranian plans to enhance relations with neighboring countries, and to expand transit trade with China and Russia, he said.
The official said, Iran is situated at the crossroads of Central Asia, South Asia, and West Asia.
Russia, Iran, and India are considered as founders of the North-South corridor, but there wasn’t much progress in the transit of goods through this corridor in the past years.
He further said that in the upcoming meeting in Azerbaijan, the process of investment in the construction of Rasht-Astara Railroad project will be discussed.