Russia may Fund Rasht-Astara Railway Line Project

Russia is ready to take part in financing the Rasht-Astara railway’s construction as part of the International North-South Transport Corridor, First Vice-President of Russian Railways Alexander Misharin told reporters in Baku November 25.

Russia may Fund Rasht-Astara Railway Line Project
November 28, 2016 9:46 am

He said; [quote font_size=”18″ arrow=”yes”]”the Russian Railways already received a business plan, studied it and prepared proposals, which will be introduced to the Azerbaijani and Iranian sides in the near future.”[/quote]

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Misharin noted that the Russian Railways offers its services in supplies, co-financing of the railway’s construction, establishment of transshipment centers and supplies of other equipment needed for the construction.

He didn’t specify the amount of the funds that the Russian Railways is ready to provide to co-finance the project.

The International North-South Transport Corridor (INSTC) will connect Northern Europe with Southeastern Asia, as well as link railways of Azerbaijan, Iran and Russia.

The corridor is planned to transport 6 million tons of cargo per year at the initial stage and 15-20 million tons of cargo in the future. 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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