The Eurasian Development Bank has just released a report on the International North-South Transport Corridor linking Russia’s North West with the Indian Ocean via a multi-model rail and sea link. According to Railfeight.com the EDP report says the corridor can become the key to new Eurasian logistics services and routes. Released at the end of October, the report stresses that the corridor has a “huge unrealized potential.” Some 80 pages long, the report states that the EDB will be investing in various projects to develop the corridor, including the building of missing railway links and electrification of the railway. The project is seen as particularly important by Russia, Iran, and India, as well as the Central Asian countries. The corridor is featured in the Schiller Institute’s 2014 report, The Silk Road Becomes the World Landbridge.
The EDB is a multilateral bank, headquartered in Almaty, Kazakhstan, and includes Russia, Kazakhstan, Armenia, Tajikistan, and the Kyrgyz Republic.
