Finance / Azerbaijan
North-South Railway On Track With Joint Venture Agreement
February 2011 | Corporate Financing AnalysisThe North-South Rail Corridor, an ambitious project to create a freight rail link between Europe, from Russia to Azerbaijan and through Iran, eventually linking to India and South East Asia, has taken a step forward with the unveiling of a cooperation agreement between transport ministry representatives from Russia, Azerbaijan and Iran. It is hoped the rail line will carry around 20 million tonnes of cargo per year, and improve transport links across Eurasia.
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