The International North-South Transport Corridor (INSTC), stretching from the eastern coast of India to Europe via Iran, Russia, and the Caspian region, has been plagued by financial and political difficulties but its economic impact could be transformative if ever fully realized.
A flurry of recent diplomatic activity highlights the multilateral and multi-stakeholder footing of Eurasia's North-South trade and transport initiatives. While significant economic and political challenges remain, they retain the potential to transform Eurasia's economic landscape.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.
The inauguration of the Baku-Tbilisi-Kars (BTK) railway has opened the possibility of a southern route for trade between China and Europe.
When operational, the Baku-Tbilisi-Kars railway could unlock new trade patterns and shift Eurasia’s economic center of gravity inward. The potential gains are significant, but so are the obstacles in laying the Middle Corridor of the New Silk Road.
Major infrastructure projects... can still fail economically in terms of opportunity costs either because of excessive costs or insufficient demand but their political importance can be very significant, even momentous.
Better infrastructure will not make Iran's economic success inevitable, but it certainly will shape the strategic landscape in which Iran makes its future decisions.
A new link in the North-South Transport Corridor connecting Russia, Iran, and India could have far-reaching implications for economic patterns between Europe and Asia.
Preparing for our trip along the Silk Road has been about adapting – to different regulations, technological barriers, and financial challenges.
Is the “City of Gold” a miracle or a model for development?
A selection of the top projects we’re watching this year.
If decades of torrid growth have been the opening scene on Asia’s economic stage, the region’s reconnecting—through new roads, railways, and other infrastructure—could be the next act.
The South Caucasus is an important corridor connecting Europe to Asia and a source of and transit route for Caspian oil and gas. Yet today, violence continues to lurk just below the surface, jeopardizing efforts to build new transit corridors through the region.
In pursuit of its goal of becoming a hub for trade between East and West, Georgia has emphasized the development of transit infrastructure and its involvement in initiatives aimed at the integration of regional transport and energy infrastructure.
Azerbaijan's strategic location and vast energy reserves are two of its most valuable assets, and Baku seeks to leverage them as part of its quest to become a major trade and transit hub for the wider Eurasian region.