Iran, Russia agree to intensify North-South corridor project

July 28, 2009 - 20:16 AMT
PanARMENIAN.Net - Iran's Ambassador to Russia Mahmoud-Reza Sajjadi and State Secretary of Russian Ministry of Transport Sergey Aristov agreed to intensify implementation of North-South project, Rossiyskaya Gazeta reported.



Armenia and Georgia have recently confirmed interest in the initiative.



International North-South Transport Corridor (INSTC), is a multi modal transportation established in 12 Sep. 2000 in St. Petersburg, by Iran, Russia and India for the purpose to promote cooperation among the member states. This corridor connects India Ocean and Persian Gulf to the Caspian Sea via Islamic republic of Iran, then is connected to St. Petersburg and North European via the Russian Federation.



The INSTC was expanded to include eleven new members: Azerbaijan, Armenia, Republic of Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Ukraine, Belarus, Oman, Syria, Bulgaria (Observed).
 Top stories
Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia to loan AMD 2.9 billion to KarabakhArmenia to loan AMD 2.9 billion to Karabakh
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
Azerbaijan opposes Armenia’s plans to build new metallurgical plantAzerbaijan opposes Armenia’s plans to build new metallurgical plant
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Armenia attracts record amount of foreign direct investments, says MinisterArmenia attracts record amount of foreign direct investments, says Minister
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
 Articles
4 rules for business success

An ultimate guide

 Most popular in the section
Armenia's international reserves grew by 8.9% in 2022
IDBank to participate in Career City Fest 2023
Armenia-Iran trade grew 45% in January-October – official
Shell already in Armenia: First fuel stations put into operation
Home
All news
Overview: Economy
Archive for July 28, 2009
Other news in this section
  Related sections
World
 Latest news
Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.
U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.
Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.
Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.
---