Russia and Azerbaijan have announced readiness to participate in the implementation of USD 400-million Rasht-Astara railway project in the north of Iran, Director-General of International Affairs at Iranian Railways (RAI) said.

Abbas Nazari added that the three countries are due to hold a meeting within the next month to decide on signing a contract with an international consultation company to start preliminary studies.

According to Nazari, the railway will be 75 km long and will cost $400 million, Tehrantimes reported.