India supports North-South transport corridor, Indian Ambassador to Azerbaijan Bawitlung Vanlalvawna told Report.
According to him, the Corridor has not been completed yet: ‘I hope this corridor will promote economic ties between Azerbaijan and India after completion. I think the corridor will promote the economic ties not only between the two countries, but also in the region’.
The project is being carried out in accordance with the intergovernmental agreement signed by Russia, Iran and India on September 12, 2000. Azerbaijan joined the project in 2005. The agreement was ratified by Azerbaijan, Belarus, Bulgaria, India, Iran, Kazakhstan, Kyrgyzstan, Oman, Russia, Tajikistan, Turkey, Ukraine. The corridor is intended for connection of North Europe with Couth-East Asia.
At the first stage, the corridor will be available for transportation of 5 million tonnes of cargo, then – for more than 10 million tonnes.