Concept for the Developmen of the North-South International Transport Corridor

Kryukova, Ekaterina

doi:10.15688/ek.jvolsu.2020.2.13

Cited by 2 publications

(1 citation statement)

References 4 publications

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“…Due to INSTC, the trade in Russia with India increased by almost 2.5 times in 2022 compared to 2021 and amounted to more than $30 billion. This is mainly due to the sharp increase in Russian oil supplies to India, and the trade turnover between India and Iran in 2022 amounted to more than $4.5 billion, which was 15% more than in 2021 (Kryukova, 2020).…”

Section: Projects Under the Auspices Of Russia And Iran: North-south ...mentioning

confidence: 99%

Implementation of projects of international transport corridors on the Eurasian continent as drivers of economic growth of the region

Khalova,

Illeritskiy,

Rakhimov

et al. 2024

J. Infras. Policy. Dev.

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This study critically examines the implications of international transport corridor projects for Central Asian countries, focusing on the Western-backed Transport Corridor Europe-Caucasus-Asia (TRACECA), the Chinese initiative “One Belt—One Road”, and the International North-South Transport Corridor (INSTC) supported by the Russian Federation, India, and Iran. The analysis underscores the risks associated with Western projects, highlighting a need for a more explicit commitment to substantial infrastructure investments and persistent contradictions among key investors and beneficiaries. While the Chinese initiative presents significant benefits such as transit participation, infrastructure development, and economic investments, it also carries risks, notably an increased debt burden and potential monopolization by Chinese corporations. The study emphasizes that Central Asian countries, though indirect beneficiaries of INSTC, may not be directly involved due to geographical constraints. Study findings advocate for Central Asian nations to balance foreign investments, promote economic integration, and safeguard political and economic sovereignty. The study underscores the region’s wealth of natural and human resources, emphasizing the potential for increased demand for goods and services with improved living standards, strategically positioning these countries in the evolving global economic landscape.

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Section: Projects Under the Auspices Of Russia And Iran: North-south ...mentioning

confidence: 99%

Implementation of projects of international transport corridors on the Eurasian continent as drivers of economic growth of the region

Khalova,

Illeritskiy,

Rakhimov

et al. 2024

J. Infras. Policy. Dev.

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The development of the North–South International Multimodal Transport Corridor and the measures to integrate the regional transport infrastructure

Malyshev,

Kozhanov

2024

Naučn. vestn. MGTU GA

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The problems of the North–South Transport Corridor development are directly interrelated with the integration of the regional infrastructure of the countries participating in this project. The importance of this corridor currently affects not only the economic sphere, but also the geopolitics of the world community as a whole, as the power balancing issues in the world economy are engaged. Based on the results of the statistical data study from open sources, the analysis of extensive periodical literature, the pros and cons of the North–South Multimodal Transport Corridor (MTC) project are substantiated, and the promising ways of implementing and improving its effectiveness are identified. Political pressure on a number of participating countries and an asymmetry of interests are highlighted as factors that hinder the active implementation of the project (the most interested participants are Iran and Russia, other parties may have negative geopolitical and economic consequences from participating in the project). There are major challenges concerning the infrastructure development and the insufficient degree of harmonization of the institutional conditions within which the transport corridor operates. On the other hand, the greatest advantages of the North–South Transport Corridor are reducing dependence on other transport routes, including those passing through competitive countries, increasing national security and sovereignty of Russia, consolidating Eurasian integration, improving foreign policy links with the countries in Asia and Africa. In order to maximize the potential of the North–South MTC and increase its competitiveness in comparison with other transport hubs, the following ways are proposed: 1. One-time solution to a set of tasks: modernization of infrastructure, primarily, port infrastructure in Russia, railway infrastructure in Iran; full digitalization of the transport and logistics sphere in all the participating countries; harmonization of institutional conditions for the project implementation in the domain of legislation, customs procedures, business processes, management. 2. More active use of free economic zones and special economic zones. 3. Formation of a special supranational organizational structure that will directly deal with the development of the North– South International Transport Corridor.

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Concept for the Developmen of the North-South International Transport Corridor

Cited by 2 publications

References 4 publications

Implementation of projects of international transport corridors on the Eurasian continent as drivers of economic growth of the region

Implementation of projects of international transport corridors on the Eurasian continent as drivers of economic growth of the region

The development of the North–South International Multimodal Transport Corridor and the measures to integrate the regional transport infrastructure

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