Aliyev orders more urgency on construction of North South Corridor

President Ilham Aliev AzerbaijanNorth South Transport CorridorAzerbaijan’s President Ilham Aliyev yesterday signed a decrees ordering work on Azerbaijani section of the North South Corridor international transport project to be accelerated.
Under the terms of the order, the country’s Ministries of Foreign Affairs and of Economy and Industry have been instructed to work with Azerbaijan’s state-run railway company to develop a framework agreement setting out a strategy for cooperation with Iran’s railway operator and for the construction and financing of a railway bridge over the river Astara on the border between the two countries.
 The Corridor is a ship, rail, and road route designed to facilitate the movement of freight between India, Russia, Iran, Europe and Central Asia with a view to increasing trade connectivity between major cities including Mumbai, Moscow, Tehran,Baku, Bandar Abbas, Astrakhan, and Bandar Anzali. A initial study suggests that the corridor could reduce transport costs by around $2,500 per 15 tons of cargo. Other routes under consideration include linking Armenia, Kazakhstan and Turkmenistan to the transport network.

Source: News.AZ