North–South Transport Corridor

Transit via INSTC corridor 30% cheaper than standard route: Official

Transit of commodities via the International North-South Transit Corridor (INSTC) is 30% more efficient both in terms of time and cost than the standard route which runs through the Suez Channel, according to Deputy Minister of Roads and Urban Development Abbas Khatibi.

Transportation

"Solyanka Port, Iran’s strategic base in INSTC"

The Solyanka Port is Iran’s strategic base in the International North-South Transport Corridor (INSTC), the Iranian director of Solyanka Port said, adding that the port is a safe and reliable route for the supply of basic goods and commodities between Iran and Russia.

Transportation

Russia hopes to begin construction of Rasht-Astara railroad project by yearend

Russian Deputy Transportation Minister Dmitry Zverev has expressed hope that his country will begin construction of Rasht-Astara railroad by the end of 2023.

Transportation

Turkmenistan joins INSTC corridor

After Iran, Russia and India accepted the accession of Turkmenistan to the International North-South Transport Corridor (INSTC), the country could join the multi-modal transportation project.

Transportation

Iran, Russia sign contract to start railway project

Iran and Russia have signed a contract that details the road ahead for construction of a key railway in Iran as part of the International North–South Transport Corridor (INSTC).

Transportation

Russian expert delegation due in Iran to discuss Rasht-Astara railroad project

An expert delegation from Russia is expected to visit Iran within the next few days to discuss the technical issues surrounding the construction of Rasht-Astara railroad in northern Iran, a senior Russian official said.

Transportation

Iran, Russia to Draft Contract for Constructing Rasht-Astara Railroad

Iran and Russia will prepare a general contract on the construction of Rasht-Astara railroad in Iran in the coming months, which is part of the International North-South Transportation Corridor, Russian Transport Minister Vitaly Savelyev told reporters.

Transportation

Rasht-Astara railroad completion to take four years: Russia

Arailroad connecting Rasht and Astara in Iran, which should become part of the International North-South Transportation Corridor, will be built by the end of 2027, Russian First Deputy Prime Minister Andrei Belousov told journalists on the sidelines of the Russia-Islamic World Kazan Forum.

Transportation

Transit through INSTC more than quadruples

The International North-South Transit Corridor (INSTC) has witnessed a whopping surge in cargo transit after its marine route via the Caspian Sea became operational by Khazar Sea Shipping Lines Company (KSSLC), according to the company’s managing director.

Transportation

Iran seeks more Russian, Indian funding for transport projects

A senior Iranian government official says the country may tap more funding from Russia and India for transport projects that could facilitate international cargo transit through the Iranian territory.

Transportation

Featured

Russia’s largest lender, state-owned Sberbank, on 7 September announced the launch of a new service that allows its clients to transfer money to Iran.

Russia’s largest bank launches money transfer service with Iran