World

Iran, Azerbaijan inaugurate new vehicular border bridge

Dec 31, 2023

Tehran [Iran], December 31: Iran and Azerbaijan on Saturday inaugurated a vehicular bridge across the Astarachay River, serving as a new transit passage at the eastern border between the two countries, the Iranian Ministry of Roads and Urban Development reported.
The inauguration ceremony was attended by Iranian Roads and Urban Development Minister Mehrdad Bazrpash and Azerbaijani Deputy Prime Minister Shahin Mustafayev, the report said.
According to the report, the four-lane bridge, built with 5.8 million euros (about 6.4 million U.S. dollars) in investments in 22 months, has a length of 89 meters and is 30.6 meters wide. The bridge also has a 2.5-meter roofed sidewalk on each side.
The Iranian ministry said the bridge would help boost bilateral trade capacity and facilitate cargo and passenger transportation between the two countries.
In a phone conversation with the Iranian minister last week, the Azerbaijani deputy prime minister said rail transportation of commodities between the two countries grew by 47 percent year-on-year in 2023, surpassing more than 700,000 tons.
Source: Xinhua

More news

Klay Securities Predicts Negative Returns for Indian Equities in 1H 2025, Offering Opportunities for Long-Term Investors

Mumbai (Maharashtra) [India], January 13: Klay Securities Private Limited, a leading boutique financial services firm, forecasts challenging times ahead for Indian equities in the first half of 2025. According to Ravi Malani, Senior Analyst at Klay Securities, a combination of domestic and global factors suggests that the period may not deliver the easy returns witnessed in recent years. However, this market correction is expected to create lucrative opportunities for long-term investors.

Jan 13, 2025