15. Consider the following statements about International North–South Transport Corridor (INSTC)
1. It is a multi-modal transportation connectivity route.
2. It will link Indian Ocean and Persian Gulf to the Caspian Sea.
3. Both the Afghanistan and Iran is the member of this project.
Which of the above statement(s) is/are correct?
The International North–South Transport Corridor (INSTC) is a multi-modal connectivity project that establishes transport networks (ship, rail, and road route) for moving freight between India, Russia, Iran, Europe and Central Asia. INSTC would enhance accessibility to the land locked central Asian nations.
It is a not a new concept.
The current INSTC project was initiated by Russia, India and Iran in September 2000. It is a multi-modal transportation route linking Indian Ocean and Persian Gulf to the Caspian Sea via Iran, and then onwards to northern Europe via St. Petersburg in Russia. The objective of the corridor is to increase trade connectivity between major cities. The current members are India, Iran, Russia, Azerbaijan, Kazakhstan, Armenia, Belarus, Tajikistan, Kyrgyzstan, Oman, Syria, Turkey, Ukraine, and Bulgaria (observer). Turkmenistan and Afghanistan currently is not a formal member but is likely to have road connectivity to the corridor, after being formally invited by the PM Modi.