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Main article: Russian economy
2024: India takes control of terminal at Chabahar port to connect to North-South corridor
India in May 2024 signs a long-term agreement with Iran to operate a terminal in the strategic port of Chabahar, seeking to expand trade in Central Asia.
India expects the project to improve its connection to the North-South international transport corridor, which is being developed jointly with Iran and Russia.
2023
Presidents of Russia and Iran signed agreements on the construction of the Resht-Astar railway
The presidents Russia Iran also signed agreements on the construction of the Resht-Astar railway in northern Iran via video link in May 2023. The section is part of the North-South International Transport Corridor. It will link Russian ports in the Baltic with Iranian ports in the Persian Gulf.
Ebrahim Raisi stressed that this is a very important agreement for his country.
The North-South corridor cannot cope with the increased cargo flow
Without infrastructure modernization, the route will not be able to develop. In March 2023, the terms of transportation from India, Iran and other countries of Southwest Asia along the trans-Caspian branch of the North-South international transport corridor (MTK) increased to 60 days, and the price - 2 times to $7,000 per 20-foot container (TEU).
Russian ports are unable to cope with the growing cargo flow due to the lack of berths, terminals, cranes and other infrastructure in Astrakhan, a small number of ships on flights - Iran Russia congestion in the shallow Volga-Don Canal.
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