Other BriefingsIran’s Rasht-Astara Railway To Provide The Key Link In The INSTC
Shahid Rajaee Port
The Rasht-Astara railway line running between the southern Iranian Port at Shahid Rajaee (part of the Bandar Abbas complex) north to the Rasht Port on the Caspian Sea will provide full rail connectivity between the Gulf and Europe.
It will “Allow the activation of the International North-South Transport Corridor” (INSTC), Iranian Minister of Roads and Urban Development Rostam Ghasemi has stated.
According to Ghasemi, after the construction of the railway, the Iranian railway will be linked to the Azerbaijani railway.
“Iran’s goal is to connect to the Caucasus, Russia, and European countries. For this purpose, the construction of the Rasht-Astara railway is in the spotlight. During the Iranian president’s visit to Russia, discussions were conducted in this regard, and construction of the railway line is expected to begin soon with the allocation of needed funds,” he said.
The foundation of the ‘North-South Transport Corridor’ was laid on the basis of an intergovernmental agreement signed between Russia, Iran, and India on September 12, 2000.
In total, 13 countries have ratified the agreement, including Belarus, Ukraine, Russia, Azerbaijan, Armenia, Turkey, Syria, Iran, Oman, India, Kazakhstan, Kyrgyzstan, and Tajikistan. Bulgaria is an observer nation.
The purpose of creating a corridor is to reduce the delivery time of cargo from India to Russia, as well as to North and West Europe. Delivery time on the current route is more than 6 weeks, it is expected to be reduced to 3 weeks via North-South Transport Corridor.
The 175 km long Qazvin-Rasht railway was officially put into operation on March 6, 2019, to connect Azerbaijani railways with the Iranian railway network within the corridor, which will link with the Rasht-Astara railway. In total, US$2 billion is estimated to be spent on the construction of the Rasht-Astara railway line with completion expected in 2025.
Related Reading
About Us
Middle East Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Dubai (UAE), China, India, Vietnam, Singapore, Indonesia, Italy, Germany, and USA. We also have partner firms in Malaysia, Bangladesh, the Philippines, Thailand, and Australia.
For support with establishing a business in the Middle East, or for assistance in analyzing and entering markets elsewhere in Asia, please contact us at dubai@dezshira.com or visit us at www.dezshira.com. To subscribe for content products from the Middle East Briefing, please click here.
- Previous Article
- Next Article
