Russia, Iran sign agreement to finalize construction of Rasht-Astara railroad

TEHRAN. May 17 (Interfax) - Russia and Iran have signed an agreement on jointly financing the design, construction and delivery of goods and services for the Rasht-Astana railroad in Iran, an Interfax correspondent reported from the signing ceremony.

The document was signed with the participation of Iranian President Ebrahim Raisi and his Russian counterpart Vladimir Putin, who joined the ceremony online.

The purpose of building the North-South international transport corridor is to implement Russia's strategic partnership with Caspian Sea states, and to organize transit between Northern and Western Europe and the South Caucasus, the Gulf and South Asia.