The North-South Transport Corridor is designed to transport goods from India and Persian Gulf countries to Russia, Western Europe, Baltic and Scandinavian countries. The main priviliges of the North-South Transit Corridor in comparison with other routes is the reduction in the distance and delivery time of freight trasportation by two or three times.If transportation of goods by sea through the Persian Gulf-Suez channel – Mediterranean sea- Baltic Sea in Helsinki happens within 45-60 days, then implementation of freight delivery time along the North-South corridor is 20-25 days.
The primary objective of the NSTC project is to reduce costs in terms of time and money over the traditional route currently being used. Analysts predict by having improved transport connectivity between Russia, Central Asia, Iran and India their respective bilateral trade volumes will increase. A study conducted by the ‘Federation of Freight Forwarders’ Associations in India (FFFAI) www.fffai.org found the route is, “30% cheaper and 40% shorter than the current traditional route”. Analysts predict the corridor is likely to increase trade connectivity between major cities such as Mumbai, Moscow, Tehran, Baku, Bandar Abbas, Astrakhan, Bandar Anzali etc.
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