(Persia Digest) – The implementation phase of the North-South Transport Corridor (NSTC) will begin from next month.
S Kumar, India’s high ranking customs officer, said: “New Delhi will begin its cargo export from mid-January 2018 to Russia via Iran and the Republic of Azerbaijan.”
This will start up the international North-South Corridor and reduce shipment time from 35 days to 17 days.
An agreement for the NSTC project was signed in May 2002 in St Petersburgh by the transport ministers of Iran, India, and Russia.
The NSTC is the most important trade link between Asia and Europe. Compared with traditional routes, the distance and time is up to 50% shorter and 30% cheaper. This is a multipurpose network of sea, rail and road, designed to carry cargo between India, Russia, Iran, Europe, and Central Asia.
The transport corridor is 7200 kilometers long and increases trade links between the cities of Mumbai, Moscow, Tehran, Baku, Bandar Abbas, Astrakhan, and Bandar Anzali.
Last week, Iran launched the first phase of the project for Chabahar’s Shahid Beheshti Port in line with the operation of the North-South corridor.