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FinancialNews
12-06-21
Iran, Azerbaijan to construct bridge over Astarachai Border River
(MENAFN)According to IRNA, Iran and the neighbor Azerbaijan inked memorandum of understanding (MOU) for collaboration in constructing a bridge over the Astarachai border river.
The MOU inked by the Iranian Transport and Urban Development Minister Mohammad Eslami and the Deputy Prime Minister of the Republic of Azerbaijan Shahin Mostafayev in Baku.
Both sides will mutually fund the 4.7-million-euro project that is planned to be completed within a year, according to the stated MOU.
"Increasing the volume of trade, transportation, and transit between the two countries requires expanding the capacity of transportation terminals," Eslami further declared.
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