Iran-Turkmenistan-Kazakhstan Rail Link Project Gets Fund

Iran-Turkmenistan-Kazakhstan Rail Link Project Gets Fund
February 26, 2010 5:58 pm

The north-south railway project linking Kazakhstan and Iran via Turkmenistan has received a major boost with the signing of two funding agreements.

The Asian Development Bank has pledged $225m to the Turkmenistan Government towards the development of the 200km Kazakh border-Bereket section.
In January, the Islamic Development Bank also signed a loan agreement for the 256km between Bereket and Etrek, brining its total contribution to $371m.
It is hoped that the rail link, running parallel to the Caspian Sea, will strengthen regional trade by providing a direct route connecting Europe and the Persian Gulf ports.
The total cost of the project, which started in 2007, stands at $1.4bn. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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