railways

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ADB to review loan for North-South project by late summer

ADB to review loan for North-South project by late summer

The Asian Development Bank has postponed the allocation of a $200 million loan for the North-South Transport Corridor and Azerbaijani Railways. The Bank’s management review meeting was postponed from April 15 to August 25, 2017. …

Russia to constructing power plant in Iran's Bandar Abbas

Russia to constructing power plant in Iran's Bandar Abbas

Russia and Iran signed a $2.5-billion deal on construction of a thermal power station in southern Iran and electrification of a railway line.  The agreement was reached during a session of the Russian-Iranian Permanent …

Iran to build 700 km of railways by the end of year

Iran to build 700 km of railways by the end of year

By the end of the presidential term of Hassan Rouhani, the length of the double-track railway sections will have reached 1,300 km, the Director General of the company ‘’Railways of the Islamic Republic of Iran’’, Said …

Russia and Azerbaijan establish AzRusTrans company

Russia and Azerbaijan establish AzRusTrans company

Russia and Azerbaijan have established a joint venture in the framework of the development of the international transport corridor 'North-South': the company, established by the Russian carrier 'Rusagrotrans' and the Azerbaijan …

Baku and Beijing are increasing economic cooperation

Baku and Beijing are increasing economic cooperation

Azerbaijan invites China to cooperate with local business companies, especially in the field of industry, more actively, the Deputy Economy Minister of Azerbaijan, Niyazi Safarov, said at the meeting of the Azerbaijan-China …

Italy invests 4 billion euros in Iran’s railway sector

Italy invests 4 billion euros in Iran’s railway sector

ITINERA S.P.A Company Advisor Pino Arlacchi said Italy has agreed to invest 4 billion euros in the Iranian railway sector, Fars news agency reported. Speaking to reporters in Tehran on Sunday, Arlacchi said he has …

Sochi starts repair of railway tracks

Sochi starts repair of railway tracks

The railway station 'Imeretinsky Resort' in Sochi has started to repair the rail tracks. A special ballast cleaner is currently working at the site. The purpose of the repair works is the creation of a perfectly smooth surface …

Iran hasn't closed border with Turkey

Iran hasn't closed border with Turkey

The Iranian Interior Ministry rejected news about the closing of the Iranian-Turkish border. All the border crossings are opened, the Interior Ministry’s website said. “There is no problem in land borders. However, a section …

Additional Lastochka trains to be launched for Sochi Airport

Additional Lastochka trains to be launched for Sochi Airport

Additional Lastochka trains will be launched in Krasnodar Territory tomorrow. 8 pairs of trains will be launched: two per airport - Tuapse, Lazarevskaya - airport, Sochi - airport, Rosa-Khutor - airport, Yuga.ru reports. The …