The Russian Railways JSC is discussing the formation of a logistics operator for the International North-South Transport Corridor with Iran, India and Azerbaijan.
Alexander Misharin, first deputy chief executive officer of Russian Railways, made the statement to reporters on the sidelines of the “TransRussia” international exhibition for transport and logistics services and technologies, Russian media reported.
INSTC is designed to connect Northern Europe with India and Southeast Asia. The route will also connect the railroads of Iran, Azerbaijan and Russia.
At the initial stage, 5 million tons of cargo are planned to be transported through the corridor annually and over 10 million tons of cargo in the future, Trend News Agency reported.
Iran is at the core of the corridor.
