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News number: 8803171122

17:10 | 2009-06-07

Economy

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IDB, Turkmenistan Ink Memo

TEHRAN (FNA)- The Islamic Development Bank undertook to fund Turkmenistan-Kazakhstan-Iran railroad project after it endorsed a Memorandum of Understanding with Turkmenistan.



The 9000-kilometer railroad project whose implementation started in 2007 is going to connect European and Asian transport network as the shortest road from Europe to Persian Gulf ports.