0512 GMT September 29, 2022
The MoU, signed on the sidelines of a meeting of the Economic Cooperation Organization (ECO) member states in Turkmenistan on Friday, is aimed at increasing cargo rail activities in the three countries, IRNA reported.
The trilateral MoU was signed last month following an agreement reached between the head of the Islamic Republic of Iran Railways (IRIR), Mi’ad Salehi, and the head of Turkmenistan’s state-owned Railway Agency, Azat Atamuradov.
Export and transit development, doubling the exchange of rail freight transportation from Sarakhs border, resumption of Artiq-Lotfabad border crossing operations, and holding joint meetings between the representatives of the two countries’ railways were among the subjects covered in the agreement between Iran and Turkmenistan back in October.
According to Salehi, based on the new memorandum, a joint working group will be formed among the three countries to follow up on the set goals and the growth of cargo passing through this transit route.
Salehi who is the deputy minister of roads and urban development added that given the geopolitical importance of Iran, the signing of these MoUs can increase transportation through the International North-South Transit Corridor (INSTC)
He noted that the three countries can use the capacity of this corridor to develop economic and political relations.
Over the past few years, Iran has been following a new strategy for promoting its transit status by developing rail infrastructure.