Trilateral transport consortium may be based in Baku

Azer News, Azerbaijan
June 10 2004

The Azerbaijan State Railway Office told AssA-Irada that the
headquaters of the Azerbaijan-Russia-Iran consortium on the
Gazvin-Rasht-Astara railway may be based in Baku. The railway will
be part of the North-South transport corridor.

Working groups from the three countries are expected to establish the
consortium’s charter fund and work schedule by July 1. The location of
the entity’s headquarters may be determined in a meeting scheduled for
July in Baku. Funds totaling $15 million are required for Azerbaijan
to join the North-South transport corridor. The funds will be spent
on the construction of a 6-km railway connecting Azerbaijan with Iran
and a railway bridge over the Astarachay River.

Construction of the Tehran-Baku railway, which is to link up with
Russia’s railroads, may commence early in 2005. According to the
initial appraisal, $102 million is required for the implementation of
the project, under which 340 kilometers of railway lines in Iran and
Azerbaijan will be built and upgraded. Armenia may enter the project
on the construction of a new railway linking Russia, Azerbaijan and
Iran within the North-South international transport corridor. This
opinion was revealed by Vice Speaker of the Armenian parliament Vaan
Ovannisian, the co-chair of the Armenian-Russian inter-parliamentary
commission. Ovannisian said that along with Azerbaijan, India and
Oman are participating in the project. “It is common knowledge that
Azerbaijan is trying to make Armenia withdraw from all transport
and economic programs of regional importance. However, at present,
our partners Russia, Iran and India don’t plan to do so and Armenia
is likely to enter the program,” he noted.