A recent agreement will pave the way for the vital North-South transport corridor that will connect Russia with Iran, India and the Persian Gulf region.
The new shipping route will bring India closer to Russia by 15 days.
Reorienting Russian import and export flows required new logistics, and one of the major new routes is the North-South Transport Corridor, designed to link India, Iran, the Caspian Sea region, and Russia.
Compared to the current route through the Suez Canal, transporting goods through a north-south corridor will reduce costs by 16-20% and reduce the delivery time of shipments between 15 and 20 days.
The annual income from project implementation estimated at $5-6 billion.
According to experts, the transport corridor between the north and the south includes the construction of a highway with a length of more than 8 thousand kilometers, which is characterized by being the most straight among transport routes, and reduces the distance of goods transport by more than two times.
The new transportation corridor will expand the transportation geography to India, Pakistan, the Persian Gulf countries, the Caucasus and Central Asia. In addition, the route will help replace the Baltic ports for communication with African countries (through Turkish ports) and Asia (through Iranian ports).
Russia’s benefits aren’t limited to simply increasing the volume of foreign trade.
The development of both transportation routes and related transport infrastructure facilities is an essential element in the development of regions, and their interaction and cooperation, in both foreign and domestic markets.
The search for additional sales markets and their formation in the current conditions is a strategic priority that ensures the growth of the main macroeconomic indicators, in particular the gross domestic product.