Iran Press/ Iran News: The first Russian cargo to India was transited through a new route crossing Iran that experts believe will lead to increased trade in the region. The development is a sign of the long-awaited start of transit operation through the eastern side of the International North-South Transport Corridor (INSTC), which would lead to a significant increase in regional trade.
Rail and road transit are constantly increasing through Iran’s territory as transited freight recorded 2.8 million tons in the last three months, showing a 43% increase compared to the same period in the previous year, according to the Director-General of Transit and International Transportation Bureau at Iran’s Road Maintenance and Transportation Organization (RMTO), Mohammadreza Hedayati.
Speaking to IRIB, Hedayati pointed to the increasing demands for road transit due to the change in the logistics system and increased costs for [maritime] freight transit.
“Iran targets 20 million tons transit a year in the road sector that necessitates good connections to the railway networks and border terminals,” he highlighted.
Relevantly, the inauguration of the Razi Border terminal is expected by the next month that is joint Iran-Turkey Border Terminal.
Related News:
Transit of 10 million ton goods via Iran begins
Earlier on July 6th, a train leaving Russia from Chekhov headed to India’s Nhava Sheva Port. It has entered Iran through Sarakhs Border after traveling 3,800 kilometers through Kazakhstan and Turkmenistan.
The train, carrying 39 containers, is transporting its cargo via a 1,600 km rail route in Iran southwards to Bandar Abbas Port.
International North-South Transport Corridor is a corridor to increase trade between India and Russia. This multi-modal trade route is 7,200 Km long and aims to reduce the costs between India and Russia by about 30% and the transit time from 40 days by more than half.
214
Read More:
Iran transfers Russian cargos through North-South Corridor
Iran transits more than $ 5 billion of goods by Bashmaq customs
