OREANDA-NEWS. On March 29, 2008, Vladimir Yakunin, President of Russian Railways, signed a tripartite Memorandum of Understanding with the leaders of Azerbaijan and Iranian Railways, reported the press-centre of Russian Railways.

According to the Memorandum, the three parties will intensify cooperation on the construction of the rail track between Qazvin - Rasht - Astara (Iran) - Astara (Azerbaijan) as part of the North-South International Transport Corridor.

A Tripartite Working Group will prepare the necessary materials during the month, following which a concept and feasibility study for the project will be developed.