INSTC Corridor to get own logistics operator

INSTC: Russian Railways is in talks with its counterparts in Iran, India and Azerbaijan about the possibility of creating a dedicated logistics operator to manage the transport of freight along the 7,200 km International North-South Transport Corridor, its deputy CEO Alexander Misharin confirmed this week.
The intermodal corridor, which is expected to transport as much as 10 million tons of cargo each year between South Asia and Europe, will halve the journey time between Mumbai and St Petersburg if the regular services can match the performance of October’s test run which made the trip in three weeks
Initially tabled back in 2000 the project has since been ratified by Armenia, Azerbaijan, Belarus, Bulgaria (observer status), Kazakhstan, Kyrgyzstan, Oman, Syria, Tajikistan, Turkey, and Ukraine as well as Iran, India and Azerbaijan and is expected to give a significant boost to the countries involved, particularly India, by opening Central Asia up as prospective export market for its private sector.
New Delhi also sees the corridor as India’s answer toto China‚Äôs Belt and Road Initiative (BRI).

Source: Azernews