Azerbaijan Railways (ADY), Iranian Railways (RAI) and Russian Railways (RZD) have signed an agreement to further develop the North-South transport corridor. The trilateral agreement was signed as part of the international business forum “1520 Strategic Partnership” held in Sochi, on June 1-3.
The agreement provides for competitive railway tariffs to attract traffic and the further development of the North-South route including the organization of a pilot container train on Bandar-Abbas-Moscow route.
North – South international transport corridor is a multimodal route for transporting both passengers and freight. The 7200 km long corridor connects St. Petersburg (Russia) to Mumbai port (India), promising to attract transit cargo from India, Iran and other Persian Gulf countries on the territory of Russia (the Caspian Sea ) and further to Northern and Western Europe.
According to Russian Railways, foreign and Russian companies show a high interest in the organization of freight transportation via this corridor. In order to reduce costs and time of delivery of goods, and to increase the commercial attractiveness of the North – South route, containerized cargo will be transported on the “western branch” of the corridor via Azerbaijan (Astara border crossing).