Ambassador: North-South Corridor Completion to Benefit Regional Nations
TEHRAN (FNA)- Iran's Envoy to Moscow Kazzem Jalali said that putting into effect the railway corridor in the West of the Caspian Sea along with completing the railway corridor in the East of the Caspian will benefit the International North-South Transport Corridor (INSTC).
"By operationalizing the Caspian West Railway Corridor in parallel with the East Caspian Railway Corridor, all countries located along the INSTC will benefit from its economic benefits, especially in terms of saving time and cost of transporting goods and earning transit revenues," Jalali tweeted on Monday.
"Implementation of Rasht-Astara, Zahedan-Birjand railways and electrification of Garmsar-Incheh Borun railway in the territory of the Islamic Republic of Iran will finalize the Eastern and Western parts of the INSTC," he continued.
The INSTC is a 7,200-km multivalent network of ship, rail, and road route for transportation of freight between India, Iran, Afghanistan, Azerbaijan, Russia, Central Asia, and Europe.
In relevant remarks last week, Kazzem Jalali said that the blocking of the Suez Canal by a huge container ship has necessitated once more the accomplishment of the International North–South Transport Corridor (INSTC), adding that the incident has caused over 9 billion dollars of daily loss for the global economy.
According to the Twitter account of Iran’s mission in Moscow, Jalali reiterated the necessity of completing the INSTC as an alternative as the Japanese large cargo ship had blocked the Suez Canal resulting in over $9 billion loss for the world economy.