The railroad directors emphasized the development of direct rail transportation and the improvement of business ties among Iran, Europe, Russia, the Republic of Azerbaijan, India, and the littoral states of the Persian Gulf.
According to the MOU, the nominal investment and its means of achievement by each of the three countries as well as legal and organizational considerations will be determined within an ongoing working framework.
A meeting of Iranian, Russian and Azerbaijani transportation experts will be convened in September in Baku to discuss competitive transit rates for commodities in the north-south corridor. Rates will be studied in comparison with transit rates to be charged on other potential routes.
HK/DWN/IS
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MNA