Russia, Iran and Azerbaijan will exert efforts to develop the International North-South transportation corridor (INSTC), reads the declaration signed by the presidents Vladimir Putin, Hassan Rouhani and Ilham Aliev after the trilateral summit in Baku on August 8, reports TASS.
“The sides will take effective measures to develop the transport and communications infrastructure with an aim to expand the existing opportunities in the transportation of passengers and freights via the North-South international transportation corridor,” the declaration said.
During the meeting in Baku, the sides also agreed to contribute to the developing of new projects aimed to connect railways within the framework of the North-South corridor. What’s more, the three countries intend to study a possibility of coordinating and adopting a Convention on the legal status of the Caspian Sea. The declaration stresses that Russia, Iran and Azerbaijan will deepen cooperation in energy and transport and will support the idea of connecting their energy systems for exchanging energy.
According to Maxim Shevchenk, one of the leading Russia journalists and experts on ethno-cultural and regional policies, the INSTC project’s implementation will give an opportunity to restore the ancient communications, which were interrupted for various reasons in the second half of 20th century. New railway and transportation route may contribute to a redistribution of power fields in world policy and history as a hall, he said in an interview with Trend news agency.
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