RZD Logistics, a subsidiary of Russian Railways, and Azerbaijan Railways have signed an agreement to help develop the multimodal North-South Transport Corridor.
The two railway companies agreed on a pass-through route that is designed to attract greater levels of freight traffic on the multimodal route. This route originates in India, and passes through Iran, Azerbaijan to Russia.
The majority of freight flowing from India and Iran to the EU is via sea-based routes; the average transit time from Nava Sheva, Mumbai to Moscow is 40 days. The North-South multimodal route halves this transit time to 19 days.
Another service advantage is favorable tariff which is USD 3 146 for a 40 ft container.
According to Pavel Sokolov, CEO of RZD Logistics, the service is launched as an alternative to sea transportation. RZD Logistics is successfully developing similar project in Asia offering regular container services from China to EU and back through Russian territory.
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