Baku, Azerbaijan, Aug.2
By Aygun Badalova - Trend:
The North-South transportation corridor will be beneficial for all sides involved, James Dorsey, senior fellow at the S. Rajaratnam School of International Studies at Singapore’s Nanyang Technological University believes.
“Both Azerbaijan and Iran want to ensure that they are at the crossroads of Eurasian connectivity while Russia wants to assert its regional role rather than be reduced to an adjunct of China’s ambitious One Belt, One Road initiative,” Dorsey told Trend.
He believes that the likelihood is that once funding is in place Azerbaijan, Iran and Russia will move ahead with the North-South transportation corridor.
The North-South transportation corridor is meant to connect Northern Europe to South-East Asia. It will serve as a link connecting the railways of Azerbaijan, Iran and Russia.
At the initial stage, the North-South corridor will transport 5 million tons of cargo per year with further expansion of transportation to over 10 million tons.
The North-South transportation corridor project will be a topic of discussions at trilateral meeting between the presidents of Russia, Azerbaijan, and Iran scheduled for Aug. 8 in Baku.