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NSTC: Gateway to Eurasia

NSTC-MWBIndia

What is NSTC (North-South Transport Corridor)?

North-South Transport Corridor, also known as International North–South Transport Corridor (INSTC) and Russia-India Corridor is a 7,200 km long multi-mode network of the ship, rail, and road route for moving freight between India, Russia, Iran, Europe and Central Asia.

What is the Objective?

The objective of the corridor is to increase trade connectivity between member nations. The route primarily involves moving freight from India, Iran, Azerbaijan, and Russia via ship, rail, and road.

What economic advantage does it bear?

The transport costs can be reduced by $2,500 per 15 tons of cargo. Also, the bulk trade between South-East Asia and the Eastern as well as Central Asian Nations can increase. Resource-rich Russia and high-tech products of Europe will have easier access to Indian market. Also, the longer route of Suez canal can be avoided for connecting Asia with Europe. According to Federation of Freight Forwarders’ Associations (India), the route is, “30% cheaper and 40% shorter than the current traditional routes. Hence scope trade dominance is huge on this route.

What are the connecting links?

From

To

Mode of Transport

Mumbai (India) Bandar Abbas (Iran) Sea route
Bandar Abbas (Iran) Bandar Anzali (Iran) Road network
Bandar Anzali (Iran)  Astrakhan (Russia) Sea route
 Astrakhan (Russia) St. Petersburg (Russia) Rail route


What are the major junction points of the corridor?

Northern Junction: Saint Petersburg, Moscow, Astrakhan, Baku, Bandar Anzali, Tehran,
Bandar Abbas.

Southern Junction: Mumbai.

Other routes under consideration include via Kazakhstan and Turkmenistan.

Who are the member nations?

India, Iran, Russia, Turkey, Azerbaijan, Kazakhstan, Armenia, Belarus, Tajikistan, Kyrgyzstan, Oman, Ukraine, Bulgaria, Estonia.

Is there any extension of the project?

The corridor will be synchronized with the Ashgabat agreement, a multi-modal transport agreement signed by India, Oman, Iran, Turkmenistan, Uzbekistan, and Kazakhstan, for creating an international transport and transit corridor facilitating transportation of goods between Central Asia and the Persian Gulf.

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