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MoC between Russian Railways and Azerbaijan Railways signed

Russian Railways and Azerbaijan Railways have signed a memorandum of cooperation, during the 62nd meeting of the Council for Rail Transport of CIS countries taking place in Minsk (Belarus).

According to the document, the parties aim to increase the volume of freight traffic on Iran-Azerbaijan-Russia-Europe route within the framework of international transport corridor North-South, to develop Samur (Russia) – Yalama (Azerbaijan) border crossing, to introduce an electronic document management system, to fulfill financial obligations and to establish competitive tariffs for transportation of passengers and freight.

A working group dealing with the implementation of the memorandum will be established.

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