Iranian and Russian officials have held talks in the capital Tehran, discussing a host of issues including the Rasht-Astara railway project, with both sides stressing the need for speeding up the construction of the crucial railway.

Iran’s Vice President Mohammad Mokhber has said the International North-South Transport Corridor (INSTC) and the development of southern Iranian ports play an “important and strategic role” for the entire region.

Iran’s and India’s ambassadors in Yerevan on Tuesday stressed the importance of Armenia’s involvement in a new transnational transport corridor planned by their countries.

Indian Ministry of Port, Shipping, and Waterways, on Sunday, celebrated Chabahar Day in Mumbai to reiterate commitment to developing the southeastern Iranian port which is going to connect India to Central Asian markets through the International North-South Transport Corridor (INSTC). The ceremony was attended by senior officials from both sides ...

Iran is boosting rail and road transit through its territory beating the record of 43 percent increase in freight transit within three months. Rail and road transit are steadily increasing through Iran's territory as transited freight recorded 2.8 million tons in the last three months showing a 43 percent increase compared to the same period in ...

The head of Irans Trade Promotion Organization said that activation of the International North-South Transport Corridor (INSTC) would reduce transportation costs and time from Eurasia to the Persian Gulf countries and India by 30 percent. Alireza Peyman-pak met with the Minister of Eurasian Economic Council in Moscow on Friday as a part of President ...

Bourse and Bazaar | Omid Rahimi and Aveek Sen: On September 30, Iranian President Hassan Rouhani arrived in Yerevan, Armenia to attend the Eurasian Economic Union (EAEU) Summit. A free trade agreement (FTA) between Iran and the EAEU will come into force on October 27, creating conditions for preferential trade between Iran and the current EEAU members:...

MNA | Mohammadreza Abbasi: The seventh coordination council meeting for the International North-South Transport Corridor (INSTC) is underway in Tehran, with representatives from 14 countries in attendance. During the two-day summit (March 4-5), the participants will try to identify ways of increasing cooperation and boosting the strategic corridors ...

MNA Irans Roads and Urban Development Minister Mohammad Eslami called on the member states of the International North-South Transport Corridor (INSTC) to establish joint logistics companies to increase the Corridors transportation capacity. Addressing the opening session of the seventh Coordinating Council meeting for INSTC in Tehran on Monday,...

MNA The seventh Coordinating Council meeting for the International NorthSouth Transport Corridor (INSTC) has kicked off in Tehran with representatives from 14 countries in attendance. The two-day summit, organized by Iran's Ministry of Roads and Urban Development, is being held concurrent with the eighth expert meeting of the INSTC member states,...

Financial Tribune - The 7th Coordination Committee Forum and 8th Specialists Forum of the International North-South Transport Corridor is scheduled to be held on March 4 and 5 in Tehrans Parsian Evin Hotel. According to Director General of the Ministry of Roads and Urban Development's International Corridors Bureau Amin Taraffo, representatives ...

Iranian Diplomacy | Sudha Ramachandran: With India taking over operations at Iran's Shahid Behesti port in Chabahar, New Delhi has reached an important milestone in realizing its economic and strategic ambitions in Central Asia. Operating Chabahar port will provide India with a foothold at the mouth of the strategic Straits of Hormuz, through ...

The Statesman - The new shipment passage, International North-South Transport Corridor (INSTC), is set to connect the Indian Ocean to the Persian Gulf through Iran to Russia and Europe. In a significant move to enhance trade and connectivity, India, Russia, and Iran are discussing a large joint project aimed at launching a new cargo transport corridor ...

Sputnik - Earlier, India' Union Commerce and Industry Minister Suresh Prabhu called for the International North-South Transport Corridor (INSTC) to be put into operation "as early as possible." The INSTC's estimated operational capacity is up to 30 million metric tons of goods per year. Russia, India and Iran will meet later this month ...

Sputnik - Indias Minister of Commerce Suresh Prabhu, while meeting a high-level Russian business delegation in New Delhi, hoped that the operationalization of INSTC, the shortest multimodal transportation route linking the Indian Ocean and the Persian Gulf via Iran to Russia and North Europe will transform the business activities in the region....

Sputnik - Several European and Korean firms have exhibited reluctance to continue work in the Iran sector of the corridor, but the partner countries remain undeterred by the US sanctions against Iran and have not only shown their commitment toward the project in words, but in actions as well. Tehran has announced its intention tosoon hold ...