Iran eyes rise in trade with new terminal on Turkish border
Iran is to launch a new terminal on its border with Turkey amid efforts to boost international trade via its territory.
Iran’s Road Maintenance & Transportation Organization (RTMO) said in a statement on Saturday that the Razi Border Terminal will be officially inaugurated within days in a ceremony that will attended by senior government officials.
It said the terminal will make it much easier for passengers and cargo trucks to travel between Iran and Turkey.
Iran’s official IRNA news agency said the terminal will also help boost bilateral trade between Iran and Turkey amid plans by the two countries to meet a $30 billion target in their annual exchanges.
Iran started construction of the Razi Border Terminal in 2019 and has spent some $25 million on the project so far.
The three-story terminal can process passengers and goods 24 hours a day and in three shifts.
RTMO figures showed that the time needed to process passengers travelling via the border between Iran and Turkey would drop from an average of three hours to 15 minutes with the launch of the new terminal in Razi crossing point.
The crossing is near Qotur, a border area located some 70 kilometers from Khoy, the second largest city in Iran’s West Azerbaijan province.
It is one of Iran’s key trade gateways in the west of the country and leads to Kapıköy in Turkey’s Van province.
Iranian authorities hope the expansion project in Razi crossing could lead to a rise in cargo transport via the Iranian territory between Turkey and landlocked countries located to the east and northeast of Iran.
What to expect from Iran, Russia linking of banking systems
Iran’s PMI index up 2.8 to 49.8 in month to late October: ICCIMA
Dollar, SWIFT completely removed from Iran-Russia trade: CBI chief
VIDEO | Press TV's news headlines
VIDEO | Nurses protest against Israeli genocide at UN HQ
VIDEO | France-Israel football row
VIDEO | Archbishop of Canterbury quits over handling of abuse by pedo volunteer John Smyth
Hezbollah hits Tel Aviv with ballistic missiles; debuts tactical rocket in anti-Israeli struggle
VIDEO | Iraqi resistance fighters strike ‘vital targets’ across occupied territories
VIDEO | Hezbollah leader to fighters: You are the pride shaking foundations of Zionism
Iran not worried that Trump may toughen oil sanctions: Minister
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
