ECONOMY


Iran, Azerbaijan and Russia to establish joint railroad company

Tehran, May 3, AZERTAC

“Iran jointly with Azerbaijan and Russia will establish a railroad company,” said Deputy Director of the Iranian Railway Company Babak Ahmadli.

He noted that the joint venture will increase transit goods as well as accept orders of the businessmen and state-owned companies.

Ahmadli underlined that the sides already reached agreement. “After the establishment of the joint venture, the representative offices will be opened in Tehran, Baku and Moscow,” he added.

Rabil Katanov

Special Correspondent

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