North–South Transport Corridor

Iran, Russia to invest $38bn in developing INSTC corridor

Iran and Russia have plans to invest as much as $38 billion in the development of the International North-South Transport Corridor (INSTC), according to an official with the knowledge of the matter.

Transportation

Iranian contractors to build part of INSTC corridor in Armenia

Iran and Armenia have signed a contract based on which two Iranian contractors will construct the 32km Agarak-Kajaran road in Armenia as part of efforts to complete a strategically significant International North-South Transit Corridor (INSTC).

Transportation

EAEU in talks with Arab states for joining INSTC corridor

Minister of Trade of the Eurasian Economic Union (EAEU) Andrey Slepnev has said that the union has had positive talks with Arab states so as to convince them to join the International North-South Transit Corridor (INSTC).

Transportation

Iran, Russia eyeing more increased railway cooperation

Transport companies from Russia’s Novosibirsk region have attended the 10th International Exhibition of Rail Transportation & Related Industries (Iran Rail Expo) in Tehran.

Transportation

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