Meeting of Azerbaijani, Russian, Iranian presidents to accelerate North-South project

Trilateral meeting of presidents of Azerbaijan, Russia and Iran will play an important role in the early implementation of the North-South transport corridor project, Timofei Bordachev, director of the Center for Comprehensive European and International Studies at the Higher School of Economics (HSE), told Trend Aug. 5.

He said the project’s implementation will strengthen the ties of the Eurasian Economic Union with Azerbaijan and Iran, leading to the growth in economies of all countries participating in the project.

The expert said the project will significantly reduce cost of transportation of goods and save delivery time.

The meeting of leaders of Azerbaijan, Iran and Russia is scheduled for Aug. 8 in Baku.

The North-South transportation corridor is meant to connect Northern Europe to South-East Asia. It will serve as a link connecting the railways of Azerbaijan, Iran and Russia.

At the initial stage, the North-South corridor will transport 5 million tons of cargo per year with further expansion of transportation to over 10 million tons.

Source: Trend News Agency