The International North–South Transport Corridor: Promoting Eurasia's Intra- and Transcontinental Connectivity

Reports and Working Papers, 21/5. Almaty, Moscow: Eurasian Development Bank, 2021

119 Pages Posted: 17 Jan 2022

See all articles by Evgeny Vinokurov

Evgeny Vinokurov

Eurasian Development Bank ; Eurasian Fund for Stabilization and Development

Arman Ahunbaev

Eurasian Development Bank (EDB)

Marat Shashkenov

Eurasian Development Bank

Alexander Zaboev

Eurasian Development Bank (EDB)

Date Written: November 30, 2021

Abstract

The launch of the International North-South Transport Corridor (INSTC) and its connection to latitudinal transport corridors will enable the creation of a single Eurasian transport framework. Significantly shorter delivery time is the key advantage that the INSTC will have relative to the other transport routes. This report looks at potential INSTC freight traffic, which is estimated at 14.6–24.7 million tonnes per year. The gravity model points to a huge trade expansion potential, subject to achievement of “seamless” transport routes improving the quality of the transport infrastructure and digitisation of the international corridor. With a global drive for decarbonisation under way, the authors also assess the INSTC carbon footprint, which is comparable with that of deep-sea maritime transport. In the future, the transport corridor may become an economic development corridor for the EAEU member states, through expansion of production cooperation and build-up of logistical chains with the countries along the INSTC.

Keywords: international transport corridors, transport infrastructure, international trade, EAEU, Eurasia

JEL Classification: F15, F17, L92, O19, R11, R41

Suggested Citation

Vinokurov, Evgeny and Ahunbaev, Arman and Shashkenov, Marat and Zaboev, Alexander, The International North–South Transport Corridor: Promoting Eurasia's Intra- and Transcontinental Connectivity (November 30, 2021). Reports and Working Papers, 21/5. Almaty, Moscow: Eurasian Development Bank, 2021, Available at SSRN: https://ssrn.com/abstract=4008994

Evgeny Vinokurov (Contact Author)

Eurasian Development Bank ( email )

1st Zachatyevskiy Lane 3b1
Moscow, 191123
Russia

HOME PAGE: http://www.vinokurov.info

Eurasian Fund for Stabilization and Development ( email )

Arman Ahunbaev

Eurasian Development Bank (EDB) ( email )

1 Zachatievskiy pereulok
house 3, block 1
Moscow, 119034
Russia

Marat Shashkenov

Eurasian Development Bank ( email )

Paradnaya 7
Saint-Petersburg, 191123
Russia

Alexander Zaboev

Eurasian Development Bank (EDB) ( email )

1 Zachatievskiy pereulok house 3, block 1
Moscow, 119034
Russia

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