The newspaper wrote that the International Transport Corridor (ITC), which should connect Russia and India and will be 7,200 km long, is planned to be completed with “North-South” private resources. “News”.
Private investors who want to invest in the project will be sought by the government together with the Russian Union of Industrialists and Entrepreneurs.
Russian President Vladimir Putin instructed the government to attract private investment in the project. The Ministry of Transport told the newspaper that it has begun attracting private investment into the project.
The Eurasian Development Bank believes that the renewal of fleets and wagons and the development of secondary roadside and logistics infrastructure are attractive for private investment. The bank created a database of 102 investment projects for the North-South ITC, 52 of which are in Russia.
Experts interviewed by the newspaper, for example, described terminals in the Astrakhan region as attractive for investment. Experts say that for the development of the rail component, it is necessary to attract investors from among the major exporters interested in accessing Iran’s Strait of Hormuz terminals for direct communication with Southeast Asia.
In 2000, an intergovernmental agreement on the creation of the ITF was signed between Russia, India and Iran (later the list of participants was increased to 14). The corridor is connected by sea, rail and road roads. The aim of the project is to provide the transit of cargo flows from India, Iran and Persian Gulf countries from the territory of Russia to Europe. According to estimates, transportation along the ITC “North-South” will reduce the delivery time between Russia and Iran, Azerbaijan, other countries of South Asia and the Persian Gulf by 10-50%, depending on the direction.