Tehran and Baku are about to review the allocation loan for the construction of a railway part of the North�South Transport Corridor.


�BAKU (Sputnik)�� Tehran and Baku created a task force to�review the allocation of�a $500-million loan for�the construction of�a railway part of�the North�South Transport Corridor, Rasht-Astara, Iran's Ambassador to�Azerbaijan Mohsen Pak Aein said Saturday.


"The first meeting of�the task force will be held in�a few weeks. Along with�Azerbaijan, Russia, the Czech Republic and Hungary showed interest in�participating in�the project of�construction of�Rasht-Astara railway," Pak Aein said as�quoted by�the Trend news agency.


The ambassador added that the talks on�type and terms of�the loan were expected to�take about�tree or four months. According to�him, the Rasht-Astara railway will be ready by�2018.

Rasht-Astara is a part of�Qazvin-Rasht-Astara railway, which is expected to�connect Russian, Azerbaijani and Iranian railways, being a significant constituent of�the International North�South Transport Corridor, a project that will link northern Europe and southeastern Asia.

By Sputnik