09.05.2023, 09:32
The North-South transport corridor from Russia to India wants to be completed with private funds
Source: OREANDA-NEWS
OREANDA-NEWS Russian President Vladimir Putin has instructed to take measures to attract funds from private investors for the construction of the North-South International transport corridor (ITC), which is designed to link India and the Russian Federation. This is what the Izvestia newspaper writes about.
The length of the transport corridor is planned to be 7.2 thousand km. Sea, rail and road routes will link the corridor.
At the moment, the possibility of attracting private investment in the construction of a road bypass of Makhachkala on the R-215 highway, bypasses of Derbent and Khasavyurt on the R-217 highway, as well as a grain terminal in the seaport of Makhachkala is already being considered.
An intergovernmental agreement on the creation of a multimodal transport corridor was signed by Russia, India and Iran in 2000. The project is designed to attract the transit of cargo flows from India, Iran and the Persian Gulf countries through the territory of the Russian Federation to Europe.
It is claimed that this route can compete with the Suez Canal, because the distance on the North-South MTK is reduced by more than half. This reduces the time and cost of transportation.
The Ministry of Economic Development of Russia expects an increase in freight turnover on the MTK to 25 million tons by 2030. Russian Railways plans that by this time the increase in freight turnover on the MTK will reach 32 million tons. Now the cargo turnover on this route is 17 million tons.
In 2022, the Eurasian Development Bank formed a database of investment projects of the North-South ITC, which included 102 projects. The total portfolio of projects along the three corridor routes passing through Azerbaijan, Armenia, Iran, Kazakhstan, Russia and Turkmenistan amounts to 38.2 billion dollars — of which almost 35% is accounted for by Russia, 34% by Iran, 16.5% by Kazakhstan.
The length of the transport corridor is planned to be 7.2 thousand km. Sea, rail and road routes will link the corridor.
At the moment, the possibility of attracting private investment in the construction of a road bypass of Makhachkala on the R-215 highway, bypasses of Derbent and Khasavyurt on the R-217 highway, as well as a grain terminal in the seaport of Makhachkala is already being considered.
An intergovernmental agreement on the creation of a multimodal transport corridor was signed by Russia, India and Iran in 2000. The project is designed to attract the transit of cargo flows from India, Iran and the Persian Gulf countries through the territory of the Russian Federation to Europe.
It is claimed that this route can compete with the Suez Canal, because the distance on the North-South MTK is reduced by more than half. This reduces the time and cost of transportation.
The Ministry of Economic Development of Russia expects an increase in freight turnover on the MTK to 25 million tons by 2030. Russian Railways plans that by this time the increase in freight turnover on the MTK will reach 32 million tons. Now the cargo turnover on this route is 17 million tons.
In 2022, the Eurasian Development Bank formed a database of investment projects of the North-South ITC, which included 102 projects. The total portfolio of projects along the three corridor routes passing through Azerbaijan, Armenia, Iran, Kazakhstan, Russia and Turkmenistan amounts to 38.2 billion dollars — of which almost 35% is accounted for by Russia, 34% by Iran, 16.5% by Kazakhstan.
Комментарии