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International North–South Transport Corridor: Boosting Russia's "pivot to the South" and Trans-Eurasian connectivity

Author

Listed:
  • Evgeny Y. Vinokurov

    (Eurasian Development Bank, Moscow, Russia
    Eurasian Fund for Stabilization and Development, Moscow, Russia)

  • Arman Ahunbaev

    (Eurasian Development Bank, Almaty, Kazakhstan)

  • Alexander I. Zaboev

    (Eurasian Development Bank, Moscow, Russia)

Abstract

The Russian economy will have to adjust its logistics to face the new reality. The operationali­zation of the multimodal International North–South Transport Corridor (INSTC) is an important strategic part of it. This "pivot to the South" by Russia and other Eurasian Economic Union (EAEU) countries is of particular significance in light of the required reconfiguration of supply chains in Eurasia. Russian exporters, importers and freight forwarding companies' needs in alternative logistical opportunities have increased dramatically. The INSTC development would promote Eurasian intra- and transcontinental connectivity, reduce export costs, develop new production niches, and realize the Caspian region's transit potential. This study estimates that the aggregate potential INSTC freight traffic via all the routes and modes of transport, including containerized and non-containerized cargoes, will reach 15–25 million­ tonnes by 2030. The container traffic could rise 20x and this will require investments in hard infrastructure and also soft infrastructure improvement. The corridor will contribute to the evolving outline of the trans-Eurasian transport backbone and bring significant benefits for the economies of Russia, Central Asia, the Caucasus, Middle East, and South Asia.

Suggested Citation

  • Evgeny Y. Vinokurov & Arman Ahunbaev & Alexander I. Zaboev, 2022. "International North–South Transport Corridor: Boosting Russia's "pivot to the South" and Trans-Eurasian connectivity," Russian Journal of Economics, ARPHA Platform, vol. 8(2), pages 159-173, July.
    • Handle: RePEc:arh:jrujec:v:8:y:2022:i:2:p:159-173
    DOI: 10.32609/j.ruje.8.86617
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    References listed on IDEAS

    as
    1. Vinokurov, Evgeny & Lobyrev, Vitaly & Tikhomirov, Andrey & Tsukarev, Taras, 2018. "Silk Road Transport Corridors: Assessment of Trans-EAEU Freight Traffic Growth Potential," MPRA Paper 86184, University Library of Munich, Germany.
    2. Vinokurov, Evgeny & Dzhadraliyev, Murat & Shcherbanin, Yuriy, 2009. "The EurAsEC Transport Corridors," MPRA Paper 20908, University Library of Munich, Germany.
    3. Vinokurov, Evgeny, 2020. "Trans-Eurasian Container Traffic: a Belt and Road Success Story," MPRA Paper 98972, University Library of Munich, Germany.
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    More about this item

    Keywords

    International North–South Transport Corridor INSTC supply chains trans-Eurasian transport backbone international trade international logistics Eurasia Caspian Sea;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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