Iran, Russia, Azerbaijan Republic sign MoU on rail cooperation

Moscow, March 14, IRNA

Railroad officials from Iran, Russian Federation and Azerbaijan
Republic signed a Memorandum of Understanding ( MoU) in Saint
Petersburg during a 2-day meeting.

Upon the MoU, the three countries, after establishing a joint company
through " B O T ", using foreign and domestic banks investment, will
build railroad between " Rasht, Astara in Iran to the city of Astara
in Azerbaijan Republic.
Deputy head of Iran's Railroad National Company Mahmoud Reza
Kaimanesh, Russian Deputy head of Railroad Company Alexander
Bouberchev and Head of Azerbaijan Republic Railroad Company Husseinev
headed their respective countries' delegations in the meeting and
signed the MoU.
The three sides agreed on aforementioned company's statute. They are
scheduled to meet in Tehran in May to finalize the document.

End