Indian ambassador to Russia Pundi Srinivasan Raghavan has informed today that the parties are actively working on launching this project as it will halve the costs on the delivery of goods.
Transport corridor from Nava Sheva (Mumbai, India) through Bandar Abbas (Iran) to Astrakhan (Russia) and Baku (Azerbaijan) is expected to reduce much the time of transporting cargo from India to the regions of Central Asia and Russia.
"For launching the corridor it remains to agree on many details. But we are progressing very quickly. We want it to be launched in early 2016," he said.
Currently, an important issue in the running of transport corridor North-South is the completion of railway line Qazvin-Rasht-Astara with length of 375 km.
Construction of Qazvin-Rasht section with length of 205 km has already been finished.
According to preliminary estimates, its capacity will be 1.4 million passengers and from 5 to 7 million tons of cargo a year. 22 tunnels and 15 bridges will be built along the railway line, and the construction of 15 tunnels has already been completed.
Investments in the construction of section of corridor of Qazvin-Rasht-Astara (Iran)-Astara (Azerbaijan) are estimated at $400 million.
At primary stage it is planned to carry 6 million tons and in the future 15-20 million tons of cargo a year via transport corridor North-South.
India shows interest in transport corridor via Azerbaijan
19 August 2015
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Three-day consultations of heads of customs services of the participating countries of international transport project North-South, including Azerbaijan, will start in Delhi tomorrow.
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