WANA (July 20) – Kazakhstan, Russia, Iran, and Turkmenistan Collaborate on Eastern Route Development.

 

Kazakhstan’s Ministry of Transport announced that Russia, Kazakhstan, Iran, and Turkmenistan have signed a roadmap to simultaneously develop the potential of the eastern route of the International North-South Transport Corridor (INSTC) over the years 2024-2025.

 

According to the report, implementing this agreement will increase the operational capacity of the corridor to 15 million tons per year by 2027 and 20 million tons by 2030.

 

Kazakhstan’s Transport Minister aims to continue developing the eastern branch of the North-South Corridor, projected to have the highest cargo flow potential by 2030. This safe and efficient route to the Indian Ocean requires the execution of a signed roadmap involving Kazakhstan, Russia, Turkmenistan, and Iran.

 

The business report highlighted that this agreement was signed at the first North-South Transport Trade and Export Forum in Aktau, Kazakhstan. The forum hosted over 440 participants from 12 countries, including representatives from the Economic Cooperation Organization and the Eurasian Economic Commission.

 

This forum serves as a platform for discussing relevant topics related to the development of railways, highways, and ports with the involvement of key players in the North-South Transport Corridor.