Archives transport infastructure - Page 3 of 6 - New Eastern Outlook

The International Transport Corridor (INSTC) was established in September 2000 by Iran, Russia, and India in St. Petersburg. The corridor expanded with the admission of 13 major corridor member countries such as Azerbaijan, Belarus, Armenia, Kazakhstan, Kyrgyzstan, Oman, Russia, Tajikistan, and Turkey. INSTC connects India to the Caspian Sea, Russia, and Northern Europe through Iran. By bypassing the Suez Canal, INSTC is 40% shorter and 30% cheaper than traditional routes in terms of distance and time.

The Southern Caucasus is increasingly becoming an arena for conflicting interests of global and regional players. International Transit Communications (ITCs) projects throughout the region are a consequence of the multipolar world that has emerged. However, while the prospects for gains from the implementation of the ITCs are obvious, threats of new conflicts remain…

The port of Chancay (80 km north of Lima) is currently Beijing’s most ambitious project in Latin America; it will consolidate China’s position in the region and integrate Latin American countries into trade and economic relations with the Asia-Pacific region…