Iran To Develop Transit Hub For Asia-Europe Trade

Iran To Develop Transit Hub For Asia-Europe Trade

TEHRAN, Dec 12 (NNN-IRNA) – Iran is working to attract a share of the Asia-Europe goods transit, by developing a free zone in its north-west, not least by completing a key rail route, an Iranian official said.

Hossein Garousi, head of the Maku Free Zone Organisation, outlined the plan ahead of an international conference on economic development of the free zone.

Iran aims to handle some 150 billion U.S. dollars’ worth of goods, transported from China to Europe, via the Maku Free Zone, annually, he said.

Garousi emphasised that, an investment of 500 million dollars in the rail route would enable the transport of 15-20 million tonnes of goods annually by train.– NNN-IRNA  

administrator

Related Articles