Bypassing the Suez Canal: Russian – Iranian transportation project gets approved

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November 8 , 2017 – Fort Russ News – 
24 Molnia– translated by Inessa Sinchougova 

The Russian transit project “North-South” has received international support. Earlier it was reported that Moscow, together with Tehran, began to actively explore the feasibility of implementing a corridor for the flow of goods from Asia to the EU. 

Unlike the Chinese “New Silk Road”, the emphasis in this project is on the use of maritime transport. It is expected that the time savings for the delivery of goods from Asia to the EU can be up to two weeks. Thus, the corridor “North-South” will become a serious competitor to the route passing through the Suez Canal. 

The head of the port and shipping organization of Iran, Mohammad Rastad, reports on a significant increase in cargo turnover in the country’s maritime harbors. It is noteworthy that the Iranian side continues to make serious efforts to further develop its port infrastructure. To this end, Iran signed a contract with India for the supply of port equipment worth $ 85 million. It is expected that the renewal of the maritime infrastructure will allow the Iranian side to significantly accelerate the process of providing the necessary capacity for transshipment of goods, along the shortest route from India to the EU market.

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