Russia reveals plans for ‘Suez Canal substitute’ ...News

Cargo flow via the North South Transport Corridor could triple in the coming years, the transport minister has said The volume of goods shipped via the International North South Transport Corridor (INSTC), touted as an alternative to the Suez Canal, could almost triple over the next seven years, Russian Transport Minister Vitaly Saveliev said at the St. Petersburg International Economic Forum (SPIEF) on Thursday. The INSTC is a planned 7,200km multi-mode transit system that will connect ship, rail, and road routes for moving cargo between Russia, Iran, Azerbaijan, India, and Central Asia. Construction on the proje

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