The EDB presents a new study on the International North-South Transport Corridor at the Caspian Economic Forum
Moscow, 5 October 2022. The Eurasian Development Bank (EDB) presented preliminary results of its study entitled The International North-South Transport Corridor: Investment Solutions and Eliminating Barriers to Effective Development at the Second Caspian Economic Forum in Moscow. Alexander Zaboyev, Head of the EDB Centre for Integration Studies, made a presentation at the round table on Cooperation in Transport and Logistics.
This is the Bank’s second research project on the International North-South Transport Corridor (INSTC) and it is expected to build on and complement the December 2021 report that assessed its transport and transit potential (available here).
“The INSTC is central to the Eurasian Transport Network and its role in providing new logistics for all the Caspian countries is now increasing manifold. In this light, the EDB’s new research focuses on two aspects – developing infrastructure for various modes of transport along the three INSTC routes as well as soft infrastructure by removing non-physical barriers that reduce the efficiency of international freight transport along the corridor,” said Alexander Zaboyev.
He also noted that the research had resulted in a database of investment projects for INSTC development, comprising more than 100 projects in rail, maritime and inland waterway transport as well as road, border crossing and ancillary logistics infrastructure, worth over US $38 billion.
The report includes recommendations on how to improve soft infrastructure, including coordination of tariff policies, harmonisation of border crossing procedures, implementation of digital procedures and transport documents and establishment of a mechanism to manage the corridor.
The INSTC is part of the key Eurasian Transport Network mega-project that links together international transport corridors in Eurasia.
The new study will be launched and published in the second half of October 2022.
Before the end of the year, the EDB will also present a series of analytical reports, including The Economy of Central Asia: A Fresh Perspective, Monitoring of Mutual Investments, Food Security and Unlocking the Export Potential of the Eurasian Region and Regulation of the Water and Energy Complex in Central Asia.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia. For more than 16 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
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