The agreement regulates cargo shipments, coordination of rail and ferry carriers, procedures of daily management and use of the international rail and ferry crossing between Russia and Turkmenistan.
"I hope this crossing will become a major element of the North-South transport corridor which is of paramount importance for the development of our countries," Dmitriy Medvedev said after the signing ceremony.
According to Gurbanguly Berdimuhamedov, the Turkmen side proposed that Russian Railways joint-stock company should become a general contractor of one of the stretches of Iran-Turkmenistan-Kazakhstan railway.
A regular air flight between Ashgabat and St Petersburg will be also launched in the course of the Turkmen President's visit to the Russian Federation, the Turkmenistan.ru correspondent reports from Moscow.