DECEMBER 9, 2022
Iran News

Iran, Turkmenistan Ink Agreements in Roads, Power, and Trade Sectors

Iran, Turkmenistan Ink Agreements in Roads, Power, and Trade Sectors

Iranian and Turkmen senior officials have signed agreements for the construction of roads and power generation facilities.

The signing took place during the visit of Iran's Road Minister, Mehrdad Bazrpash, to Ashgabat, where he attended a session of the Iran-Turkmenistan Joint Economic Commission on November 17, as reported by Iran’s Tasnim News Agency.

In the realm of electric power cooperation, an agreement was reached for the construction of electric power transmission by Iran through the bartering of gas valued at $200 million. Additionally, an initial agreement for the export of $140 million in electric power equipment to Turkmenistan was reached, culminating in the signing of a contract between Iran’s Power Generation and Distribution Company (known as TAVANIR) and the Turkmen side.

Concerning the transport sector, an accord was made to increase the number of transit wagons from the Sarakhs Border to 600 wagons per day and from Incheh Borun to 100 wagons. Officials are tasked with visiting the border to address existing issues. In air transport, Bazrpash announced an agreement to launch flights from Mashhad to Ashgabat, or through other countries to Mashhad and then to Ashgabat. The schedule for passenger and cargo flights will be determined in the next two months.

Port agreements were also established, with the signing of sister port documents for Amirabad Port and Turkmenbashi Port. To complete international corridors, both nations decided to convene a multilateral meeting involving Kazakhstan, Turkmenistan, Iran, and Oman within the next two months. The aim is to reduce transit tariffs and enhance freight transit along the International North-South and East-West transport corridors.

In road construction, a memorandum of cooperation for a 242 km road in Turkmenistan by an Iranian company, valued at $500 million, was signed. The implementation contract is expected to be signed in the near future. Border market activation between Iran and Turkmenistan was discussed, with the Bajgiran market border currently active and plans for a joint committee to activate the Incheh Borun market border within two months. Iran proposed launching three additional border markets in the Golestan and North Khorasan provinces.

Highlighting the strategic importance of Sarakhs, the launch of the Chabahar-Zahedan-Birjand-Mashhad-Sarakhs Railway as a primary route for freight transit to the south was emphasized for strengthening regional connectivity.

During the signing ceremony, Bazrpash stated that the roads to be built would be part of the north-south and east-west transport corridors.

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